Good Location with Basic accomodations
On Banyan drive or better known as Hilo's Hotel row, there are four motels/hotels (Hilo Hawaiian, Naniloa, Hilo Seside & Hilo Bay. All were probably built in the late sixties or early seventies and all in need of a major renovaton. In my opinion, if a Days Inn or Holiday Inn would build a new building, it would be considered a luxury property.
With that being said, don't get your expectations too high. Expect basic, clean accomodations in need of renovations. At the Hilo Hawaiian, considered the best of the four properties, the service is good with that home style feel. The room we had, #826, was basic with a great view of Hilo Bay and the park. Parking is adequate, so long there isn't a banquet going on, then you may have to park on the street.
If you looking for a four star property and above, then you won't find it in Hilo Bay. You may want to consider the luxury Bed & Breakfast in the area or plan on staying along the Kohala Coast area, where the bevy of luxury properties are located.