We stayed here one night as we were transiting through Managua. In truth we only spent about 6 hours here (and most of it sleeping) since we arrived late and had an early morning flight. But everything we experienced was fine. That said, at $122 a night I would have expected much much nicer which is why I could only give it a 3 star.
Check-in was straightforward and our room was clean and appointed with a desk, side chair and wall unit. Room was large with two very comfy beds and a super hot shower. But for this price range of a hotel, it should have been a better room - carpeted floors, not tiles, better artwork, not dingy green walls.
That said, we really appreciated the pastry cart they put out in the morning with juice and coffee; especially as we weren't sure we'd get it since we were leaving at the ungodly hour of 4:45am. The airport shuttle was ready and waiting and whisked us promptly to the airport. So for everything we needed and wanted it was great.
We didn't search too thoroughly for hotels in Managua as we had a strong preference to avoid a late night arrival into the downtown and being by the airport saved us a little extra time in the morning. So for us it was a mixed bag. We knowingly paid a premium for its location and to be close to the airport, and we appreciated the small things like the airport shuttle and pastry cart, but at the end of the day it’s wasn’t as nice as it should and can be. So for us, one of the worst value places we stayed in Central America.