I've had a rummage around local hotels for the next race. Here's what I've found (saves you all repeating the same exercise!):
Express by Holiday Inn, East Midlands Airport - £49 (they over booked me once for a MotoGP. Not good if you want to attend a big race meeting like Desmo Due
I took them to small claims and won!)
Donington Park Farm House, right on the edge of the circuit - £115-132 (stayed here last year. IMO a dump - especially for the dosh they charge).
Travel Lodge, East Midlands Airport - £46.
Thistle, East Midlands Airport - £66
Donington Manor - fully booked
The Priest House on the River - 5 mins drive max (Blurb - Perched on the banks of the River Trent, this is a country house with a difference. As you step inside, you will find elegant contemporary surroundings designed with minimalist simplicity. This theme is continued through into the executive bedrooms, where 42inch Plasma Screen TV's and DVD's come as standard) - £85 to £96
I like this one! Looks fab. So I've booked myself in, even if I'm Norman No Mates and stay there on my own
Hope this info helps.