Thanks for the replies, I am also starting to think it would be a little too stressful travelling to the track from Kyoto everyday. Could you suggest another place closer to Suzuka that may have hotels with rooms still available. I still want to travel to Kyoto so I'll probably travel there after the race.
Like I said though, all of the hotels near the track I've checked on the net are fully booked for that weekend (8th October-11th October)