I just discovered that Hampton Inn bought a shell of unfinished office building and opened a new hotel in Oct at 1701 Lavaca. That is one block from Bob Bullock Story of Texas museum and 2 blocks from what is called The Drag. The Drag is on Guadalupe and goes for blocks through the UT campus offering, shops, eateries, grocers etc.
There are few fine dining places all within walking distance as well as over 50 fast foods and a 7-11 two blocks away. Here is a quick list:
The Carillion, Clay Pit, Mansion at Judges Hill, Schultz's Gardens, Starbucks, Texadelphia, Jimmy Johns, Taco Cabana, Thunderclouds, Dog & Duck Pub, Texas Chili Parlor, Veggie Heaven, El Mercado, McDonalds and newly remodeled Kerby Lane open 24/7.
Here is a link for photos of this new Hampton Inn. That makes 2 downtown. The big highrise one is by the convention center.