The Le Meridien Qingdao is a very fine hotel with Artistic luxery design. The service is very good, wonderful gym and pool. The hotel is located right next to a new shopping mall, with many choices of restaurants and even a huge supermarket, Justco. The hotel is a bit away from the happening area, which are mainly along the beach front, however, the taxi is really inexpensive here and there are plenty of them waiting outside the hotel.
A visit to the famous Tsingtao beer factory and walk along the beer street is a pleasant experience. Qingdao is also famous for its seafood. Take a taxi to the 'seafood restaurant street' (i think is Min Jiang road), you can find plenty of nice seafood restaurants there, where you can pick live fish/crabs etc. from the tanks.