Hollywood is a small city in the middle of a larger one.   If you are looking for hotels right down in the middle of the action, here's the short list.

Accommodations
Budget Inn
6826 W Sunset Blvd
Hollywood - CA - 90028 - phone - (323)465-7186

Accommodations
Hollywood Celebrity Hotel
1775 Orchid Avenue
Hollywood - CA - 90028 - phone - (323)850-6464

Accommodations
Motel 6 Hollywood
1738 N Whitley Ave
Hollywood - CA - 90028 - phone - (323)464-6006

Hotels
Renaissance Hollywood Hotel
1755 N Highland Ave
Hollywood - CA - 90028 - phone - (323)856-1200

Hotels
Roosevelt Hotel
7000 Hollywood Blvd
Hollywood - CA - 90028 - phone - (323)769-7260

Hotels
Vagabond Inn Executive - Hollywood
1133 Vine St
Hollywood - CA - 90038 - phone - (888)833-6069

Check out the LA Hotels section for a wider selection of regional hotels