I highly reccommend the Watkins Glen Harbor Hotel. The views are amazing from the bedroom, patio, dining, and lounge. If you're a high end drinker, they have a wide selection there ,as well. It's a safe bet if you are driving because everything is directly at hand. It's also downtown Watkins Glen, so if you need something, it's there.
http://www.watkinsglenharborhotel.com/
A lot of boats aren't out yet due to the intense rains we have had....
The falls are strong and beautiful due to the same.
Kuma's - local country go-go
McHales - local small tcity go-go
Captain Bills -dinner cruise
Seneca lodge Watkins Glen-local Glen watering hole
The Watkins Glen Track has events
http://www.theglen.com/Tickets-Event...-Calendar.aspx
Falls:
Buttermilk Falls - hike
Watkins Glen gorge-hike
(I would recommend walking the Watkins Glen gorge sober it gets slippery. Plan to get wet.)
Ithaca Falls- view
Taughannock Falls-view
Shequaga Falls, Montour Falls
http://www.gowaterfalling.com/waterfalls/shequaga.shtml <-- several falls listed.