+1 UCF has a nice mix where it's not quite like a land grant college town but East Orlando is separated enough in its little corner of Metro Orlando where it feels like it
it depends what you want. Staying Downtown will be more expensive and require more driving on gameday but is great for bar hopping. The UCF area would be cheaper and is more of suburban setup but you still have solid options to eat/drink pre and post game(Bar Louie, World of Beer). Knight Library, Stagger Inn, & Knights Pub are the bars most current students go to. If you decide to stay by UCF and want to do minimal driving the DoubleTree UCF/Eeast Orlando is the best bet. If you decide to stay Downtown I'd recommend the Embassy Suites on Pine Street.