As a solo female traveler who'd heard mixed reviews on how safe Tegucigalpa is, I had three things in mind when searching for a hotel there: 1. Safety, 2. Cleanliness, 3. Price / Character. And I knew I didn't want to stay in a boring, generic chain hotel.
The Econo B&B was exactly what I was looking for. The lady who owns it makes home-cooked breakfasts, can tell you where it's safe to go or not, and is the nicest person you've ever met. The swimming pool is clean, and you get a good view of the city lights going up the mountain with the statue of Jesus on top. And hot showers (a luxury in Honduras, most places only offer cold water). It's also less than half the price of a big hotel.
My cab driver had to ask someone where it was, since there's no sign out front. It's half a block behind the US Embassy and across from the Plaza Robina. It has a yellow wall with a red gate, and if the red gate is on your right, you will be looking directly at the big blue VIP workout gymnasium.