Anyone who’s pricing out a trip to Europe these days knows it ain’t cheap. And even after you’ve bitten the bullet on airfare, if you want to sleep anywhere within walking distance of anything you want to see, you’re faced with paying a high price on a hotel room. Well, the fall and winter offer great discounts on everything from airfare to hotels in Europe, and this deal is no exeption. From November 2008 to February 2009, you can get a hotel room a few steps from the Arc de Triomphe in Paris for almost 60% off the normal rate.

This Travelzoo discount gets you a room at the Royal Hotel in Paris for just $195 per night, and although there are a few blackout dates in late December through early January (right around the New Year holiday), this deal is available for quite a long time and even includes the Thanksgiving and Christmas holidays. The deal also includes a breakfast option, where if you buy one breakfast at the Royal Hotel for €22, you’ll get the second breakfast for free.

In order to get this deal, you’ll need to go to the link on the Travelzoo website, and don’t forget to use the promotional code TZOO in the “promo code” box. Also note that the prices are going to be listed in euro, not dollars; at the moment, $195 is roughly €133, and with all the hotel taxes and such it’ll be around €140 total – but you might want to check what the most current exchange rate is before you buy. And, as always, be sure to read all the rules before you book.