the most preferable times to go to WDW because some of the major crowds have started to disperse from the summer months but I read that you will still be definitely exposed to the hot and humid temperatures down there so need to take precautions for staying cool and the afternoon spurts of rain.
There have been some reviews on your hotel that can be read about by doing a search at the top of this board. This surrounding area offers other different options if you decide that Travelodge wouldn't work for you that can be found pretty much in the same kind of price range as this place or in some cases just a tad bit higher.
I remember reading some great reviews in particular about Comfort Suites Maingate Resort; the chain site
www.hotelchoice.com was offering it at $53 a night (if this doesn't stray far from your budget) the last time I checked and the room structure is similar with pull out sofa, various amenities, and they have a free complimentary breakfast buffet and this property is also fairly new too. Also, right up from here there is the Comfort Suites Maingate East that has received great reports but I don't know what their rates were last going for.
You can check
www.floridakiss.com and
www.orlandoinfo.com along with
www.hotelkingdom.com in addition to
www.hoteldiscount.com because they have suite hotels that have the same kind of make-up as Travelodge so there are many to pick and choose from. Others are
www.quickbook.com and
www.go2orlando.com Also for some hotel reviews of places check out
www.mouseplanet.com
to get an idea of where you might want to stay.
Good luck with whatever you decide; have a nice time.