If that is your price range and you want to do AI, then i would head for the Buenoventura Hotel. If you like to be neat the fun, the action, and the nightlife... this is so close you can crawl home from there. As for the Crowds etc, i am not sure, but with all the cruise ships that come to Vallarta now, you just might have a full boat load of people to party with or to bump into...
have a great time....
8) Tom aka Mr Crown
have a great time....