Waimea is not a big tourist town, and hotels in Waimea seem to be somewhat short in supply. There are plenty of high-end resorts with paradise-like golf courses on the Kona coast, west of Waimea. If you are staying in Waimea, your other options are Bed and Breakfasts and vacation rentals.
Kamuela Inn Hotel
A quaint Inn located in the heart of Waimea. From twin rooms to executive suites.
Castle Waimea Country Lodge
A small inn in the heart of town. Midrange lodging.