Thats a good rate for a very nice hotel. ART bus is right outside front door or easy to walk to free buses at Toy Story lot. Add in $10-$15/day for parking if you have a car.
We stayed there a few times using priceline for about $50-$60 off season but never know which hotel along Harbor you may get that way.
I enjoyed my stay at the Red Lion last month; it's a pretty nice place.
I'd try the Red Lion website as well...they post that the same deal is available. It worked a few days ago (someone was asking me about the Red Lion and I saw it on their site) but I tried a couple random dates and it didn't work this time. Still, I'd book through the hotel if the same deal is available.