At first sight it's not promising, a grungy building badly in need of some TLC. Room 1 has no external window and is near the reception area, so you are liable to noise from early morning arrivals from 3 a.m. onwards. If you book a private room, try to get Room 2, which has less noise, faces the street and has plenty of light. People have mentioned bedbugs and although I didn't find any (or rather, they didn't find me), there are mosquitoes, which can be a concern in a city said to suffer from dengue fever. The patio is small and crowded and although the coffee is O.K., you might as well skip their breakfast and go round the corner to the cheap cafe in Avenida Central (turn right from Calle 8). To be honest, for $25 you're never going to get the Ritz in the centre of Panama City. There are positives anyway: you are right in the heart of the historic Casco Viejo with the beautiful San Jose church opposite; this barrio is dirty and looks sketchy at first but the strong police presence makes it seem safe and it's full of atmosphere.
When thirsty for proper beer, try La Rana Dorada in Calle 11 Este. It's a new microbrewery and the Pale and Pils brews are excellent, with more to follow when they are fully in operation.
Why Elvis? Well, he name-checks Panama City in his 1968 song "Guitar Man". He was probably talking about Panama City, Florida, but you never know......
If you want a private room, try to get Room 2 which is not next to the noisy reception area, and it...
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This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.