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Do you want to save money or prefer convenience? It really depends on what you're going to do in the city. If you're going to spend all your time visiting attractions downtown, it's not worth losing time commuting every day - better to pay more and stay nearby. Now, if you have a rental car or don't mind Uber or buses, a hotel further out is usually a lot cheaper and might be worth it if saving money matters more to you than convenience.
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