All of MATS action takes place either at the Speedway or at the host hotel, The Cannery, in North Las Vegas.
The Cannery is always booked up far in advance but there are other hotels/motels in the immediate area - just depends on what kind of accommodations you're looking for and how much you want to spend.
We always stay at a quieter timeshare rental place just off the strip.
Lots of places to eat around the area as well from fast food on up. Don't overlook The Cannery for good food. Victory's Cafe inside The Cannery has good food at a reasonable price. Our Inland Mopars Car Club always gets together on Friday night for a group dinner at Casa Cocina Restaurante Mexicano inside The Cannery.
Other good, reasonably priced restaurants are on our annual go-to list as well.
Again, it all depends on what you want and what you want to spend.
Post up what you're looking for and I'll try to help.