I'd stay on the Kona side, then take an excursion over to the Hilo side and make sure to visit the volcano. It's stinky, but amazing. There are many beautiful waterfalls on the big island, too. Be sure to have some Kona Coffee. There's a Sheraton Keauhou Bay Resort, the Hilton Wakoloa Village, King Kamehameha's Kona Beach Hotel, and the Royal Kona Resort, just to mention a few. There's the Emerald Beach, the Black Beach, and just many, many different attractions. You can also island hop pretty reasonably. We flew from Oahu to Maui for a day and then from Oahu to the Big Island for a day for like $49/pp round-trip. There's also the helicopter tours that are not inexpensive. And there were some ferries, not sure if they're still running, but they weren't from the Big Island, they were from some of the out islands. It's a magnificent state, but pretty expensive.
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