For a small, budget hotel, Hotel Iberia is certainly adequate. My room was very small and basic, but for $75 a night, it was worth it. The room and hotel was kept clean. The person at the front desk was helpful in recommending restaurants and was very willing to call a cab. The location is great--easy walking distance to the beaches, restaurants, and bars of Condado, and not far from Ocean Park, Isla Verde, and Santurce. It's a relatively short distance by cab to Old San Juan (it cost $10-$12).
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