I stayed at the Bohol Divers Club in Panglao last January for 5 nights and was very happy with it. It's right on Alona Beach, has a good pool, restaurant, bar and near to all the facilities. The staff are very friendly. The rooms are a bit dated, but large, clean and have a decent shower/bathroom. I think it was around 2500 a night. I'd be more than happy to stay there again.
If you look at my pics on FB from Philippines Jan 2010 there are a few pics of the outside, bar and beach area.
