For your own safety I would recommend that you stay - ON The Strip. Especially if your going to be all shit faced. There's parts of Vegas that aren't exactly part of the city of lights.
I like Paris because it's like right in the middle. But as people have mentioned in this thread... New Years is going to be pretty tough. Your best shot is priceline or to just go there and wing it. You will probably end up paying more... but a room always opens up. You just might have to wait a bit and slip a tip.
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