We visit Anaheim 1-2 times a year and usually stay at a Disney hotel (for convenience), but wanted to save a little money this trip. I chose Sheraton Park based on distance from the Disneyland main gate (0.8 miles), price and guest reviews. The room quality was quite nice - clean, comfortable, tasteful - on par with other Sheraton hotels we've visited (and a bit nicer than the other Sheraton at the north end of Disneyland). Our room overlooked the pool and had a pleasant view of palm trees and tropical plants - was great to relax on the balcony after a long day of sensory overload at the parks. There were lots of families staying at the hotel, so things are not spa-quiet in the hallways (if that bothers you), but we didn't notice excessive noise either. Complimentary water was a nice touch. There is a store for snacks/light meals/drinks, bar in the lobby, and a couple of onsite restaurants (but we didn't try them). There is also a 7-11 across the street.
We knew that a big tradeoff when staying in a non-Disney hotel would be transportation to the parks. Sheraton Park is about a 15-20 minute walk door to gate, but keep in mind that heat, tired family members (especially on the way back) can make it slower and less than pleasant. We had a toddler in our group, as well as an expectant mother, so we relied on the resort transit system to get back and forth. PROS - Sheraton Park is the first stop after Disneyland, so the return trip is very short, passes are inexpensive ($3/$1 adult/child for an all-day pass, with discounts if purchasing multi-day), drop/load locations are convenient to both hotel and gates. CONS - when riding back to the parks mid-day, bus can be filled with guests of other hotels, so potentially no room for you until next trip. Buses are scheduled to run every 20 minutes, but we waited over 45 minutes on two of ~8 trips. Most of the fleet is made up of these funky refurbished trolley-style buses outfitted with park benches (no kidding) and little or no AC. You can open the windows, but they don't stay up very well and can smash down on you at any time (keep your kids clear).
In the end, we saved enough money (over staying at the Grand Californian), to make hassling with the buses well worth the trouble. The hotel itself was great - we'll definitely stay there again when we can't find a reasonable price at a Disney hotel.
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