The Novotel Lisboa is located in the financial district, so about 2 km north of city centre. I think we stayed at a Novotel in Scandinavia. It's got wifi, fitness center, and tennis courts (in case we feel like playing for the first time in 4 years). If we pre-pay, we can get a room for as low as $80/night (no breakfast). $100/night if we want breakfast (still pre-pay). I don't see a lot of bars/restaurants in the immediate vicinity, but we are a 5 minute walk from the Metro to city center, or 2 km is about a 15 minute walk to city centre. I picture this being similarly located to our hotel in Budapest. A little out of the way, but easy to get to stuff.
The Hotel Florida is north of city centre, but not as far as the Novotel, so it's closer to downtown. It's got restaurant, bar, wifi, few blocks from the Metro, fitness center. Looks pretty nice, but is $123/night, breakfast included.
The one Priscilla recommend. Maybe a little over $100 a night.
I've been using tripadvisor to narrow options down with fitness centers. NH Campo Grande might be a good option. http://www.nh-hotels.com/nh/en/hotels/portugal/lisbon/nh-campo-grande.html
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