vMotion is included in starting from Essentials Plus, Standard, Ent, Ent+... licenses. It requires shared storage between the hosts to work. If you have vSphere 5.1, then you can perform vMotion even without shared storage. I am adding links to couple of docs for your reading:
http://www.vmware.com/files/pdf/vsphere_pricing.pdf
Since there is no shared storage, you can cold migrate the VM:
--> Take a backup clone of a VM
--> PowerOff
--> Right Click and select Migrate
--> Select change both host and Datastore
--> Select the Destination host and Datastore
--> Keep the format as same
--> Finish
There are few other options as well like using vmkfstools (CLI), converter and so on. This KB article discusses some of the other options. But I feel cold migrate is the easiest one.
...hth!