we recently stayed in this nice charming hotel in the heart of Iloilo city, right beside Sarabia Manor, which seemed to be old and decrepit. The room I stayed at was clean and spartan, the A/C worked fine..
I particularly noted the nice interior balconies on every floor (albeit tiny) these added to the resort charm. just cross the street and take a 5min jeepney ride to Molo church... On saturday and sundays, buy "bingka" in front of the church.
value for your money..