Chico Largo is one of three hotels which are side by side at Charco Verde. The hotels are owned by three brothers, and there are some similarities--notably poor security, and robberies. Chico Largo is the cheapest of the three. The dorm is $5, the rooms $15.
As far as location is concerned, Chico Largo is as close to paradise as I expect to get in this life. The wind and waves over the lake, the shrieking of birds, the flaming sunsets, monkeys grunting, a magical spot.
But the dorm. The tin roof rattles annoyingly. The outer walls are crumbling. The inner walls are scuffed and grubby. Water is intermittent. So is electricity. The concrete floor is breaking into layers. A two-dollar padlock is all that stands between your stuff and a stream of locals passing within meters of the front door, fishermen and sometimes children--and I was told at Moyogalpa that thievery has been a problem at Chico Largo. Right here on Trip Advisor there are reports of guests being robbed, apparently by staff. Staff didn't bother to remove used bedclothes for a couple of days when people left. They were not rude to me, but they never had change, and didn't seem much for conversation. The food was pretty good, but expensive. I told a staff member that the dorm was kind of crappy, and he said they are going to remodel. I can't wait.
Another annoyance was the volume of noise coming from the bulding that has reception and the kitchen. Staff enjoy their loud music, and use a noisy TV to babysit their children. They don't realize that they are there to serve their clients, not to amuse themselves. I go there to enjoy the tranquility of a beautiful spot, not to listen to hideous American "music."
Still, I stayed there three nights in November and five nights in March, and had planned to stay another ten days. I left because one evening staff put a loudspeaker meters from my window and blasted what they considered to be music. I lost my temper completely and left in the morning.
The rooms look pretty good, maybe worth the $15, but they are alarmingly close to two houses that enjoy their loud radios.