Come on guys!! Which world u r in? .us surely helps u to rank well in US. Check the ranking for the keyword for "athens hotels" in google. 3rd site after 1 box listing
Go with a folder style so that link juice of the domain would pass completely to the folder. Or else it would be difficulty to rank for the new keyword. Dont believe me, checkout the site moneysupermarket . They have done a good job with the folder option and it helps them to rank well for all...
I would say focus on long tails for keywords like "godaddy discount codes 2010 december". Believe me it would get u much traffic than you can imagine. By the way i too own one and receive 80% of traffic from long tails
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