a nice walking area in Guad

Is there a nice walking area in Guad that would be like the Pink Zone in Mexico City. If there is one, and I assume there is, would there be a good hotel nearby?

On Sundays in Guadalajara from 8am - noon they close off many main roads and avenues so that people may walk or bike around the city. Google Via Recreactiva Guadalajara for more information.

Bosque Los Colomos )off Patria) has some beutiful walking trails and several gardens. The Japanese Gardens are particularly nice.

Is there a hotel within walking distance?

Yes there are many. This is in the north central part of the city. Just do a google search on "hotels near Bosque los Colomos" and there are many choices within a mile of the area.