There are plenty of places to stay in Pasadena, many along the parade route. However, what are normally
Budget Hotels in Pasadena, are way overpriced for the Tournament of Roses. Hotel rooms that are normally $60 go for over $200 over New Year's weekend. If you're willing to spend $600 per night you can get a nice room in Pasadena right up until the last minute. If you're looking for a better deal, try hotels in
Glendale or Monrovia. Or better still, look for New Year's bargains in Downtown LA or Hollywood, where some of the hottest New Year's Eve parties are happening. Then take the Metro to the parade in the morning.