I've wondered that too, as they haven't begun vertical construction on anything that could be a Star Wars Hotel yet. I assume it goes across the toll plaza lanes behind Star Wars Land in all that land they are clearing?
Regardless of where it goes, it obviously won't be opening with Star Wars Land next year. If they start vertical construction within the next year, it could make it to an opening by Christmas, 2020. If construction doesn't begin until next year, it could still make it for the 50th kickoff in Spring, 2021.
I'm afraid your budget won't be high enough then. Using the only Disney hotel in the United States that is connected to a theme park as a point of reference,
Disney's Grand Californian Hotel & Spa at Disney California Adventure...
The cheapest room is a "Standard View" room, which is actually a room looking at an interior wall or the street. Here's a Trip Advisor review of an "upper floor Standard View" room that looked out at the roof and Disneyland Drive beyond.
For $660 per night.
Then there's a "Courtyard View" room that looks out at the multiple interior courtyards at the Grand Californian.
These start at $698 per night.
The next step up at the Grand Californian is a "Downtown Disney View" room that looks out on Downtown Disney and the trees surrounding the parking lot tram loading zone.
For $795 per night.
Next you step up to a "Pool View" room, looking at the large pool complex on the southern flank of the hotel.
For $820 per night.
Finally, you get to the Theme Park View rooms, with views of Paradise Pier or Grizzly Peak areas.
These start at $995 per night, for two queens or one king.
I would have to imagine the Star Wars Hotel concept has a business case behind it where room rates start somewhere north of $1,000 per night, if not more by bundling together a meal or two per day and "special amenities" and all those extra CM's doing acting work for the guests. It's going to be very expensive, wherever and whenever it gets built.
