Here is my favoite site to check out the beach conditions:
<a href="http://alohasurf.plugit.com/main.asp" target="_blank">http://alohasurf.plugit.com/main.asp</A>

Here is the hotel information I have come up with. I do not endorse any as I have have never stayed on the beach.
Five Flags Inn 1-850-932-3586, older but has given airline discounts in the past.
Hampton Inn Pensacola Beach 1-850-932-6800, large hotel on the beach always advertising specials.
Holiday Inn Pensacola Beach 1-850-932-5361, also often advertises specials.
Clarion Suites Resort and Convention center 1-850-932-4300, seems to be the most upscale place on the beach may have airline rates.
Dunes Hotel 1-850-932-3536, do not know anything about this one has fancy ad in the phone book.
Beachside resort and conference center 1800-239-2771, another one I do not know about but has 800 number.
Sandpiper In Motel and Villas 1850-932-2516, older property.
Holiday Inn Navarre Beach 1-850-939-2321, Navarre is east of Pensacola Beach on the same barrier Island.
Holiday Inn Gulf Breeze Bay Beach 1-850-932-2214, Deltas crews stay here and it is a very short distance to Pensacola Beach.
Ramada Inn Bayview 1-850-477-7155, 20 minutes from the beach but it has airline deals.
The ASU guide lists Pensacola Beach Villas on the Gulf Condo 1-800-657-3497.
Hope this helps.