Not a bad price! try the Mont Choicy Hotel on the North West coast as well. Just booked a 12 day stay with them for Rs 45 000 (+/- ZAR = R 11 000) on HB. I go HB because we are allways exploring the island and it's hidden gems and never on time for lunch. This hotel offer two restaurants and is also a 3*. Stayed there in 2009 and am on my way again August 2011. Resevation manager is called Anju and her e-mail addy is: email@example.com. She is very helpfull and you can't ask for friendlier staff either, from the General Manager right through to the porter and gardeners. You can't go wrong with Silver Beach hotel but keep in mind, it is on the East coast and the wind can blow you away there.
Mont Choicy hotel on the other hand is right next to the main bus route between Grand Baie and Port Loius. For about Rs 18 you can take the bus to Grand Baie where you can stock up on provisions like water and soft drinks at the Super U supermarket (Thanks to Preston for that valuable info in the past! It came in very handy!). If you want perfect sunsets, Mont Choicy hotel, La Cannonier or La Mauricia is the answer. Keep in mind last two mentioned is 4* hotels but also very relaxed.
Any how, good luck andf happy holidays in sunny Mauritius!