My husband and I spent the entire month of February 2012 in Granada, staying at Condo Hotel Xalteva and had a great time. I would highly recommend this hotel as the best place to stay in Granada, especially for longer term rentals. We had never been to Nicaragua before but were looking for a warm winter getaway (we live in New England) where we could also study Spanish. We were glad we chose Granada and decided to stay at Hotel Xalteva....it was the perfect location for our visit. We didn't need a car and could walk everywhere around town.....the Parque Central was only 6-7 blocks away. If we got tired of walking, we could always take a cab for only 40 cents each anywhere in town. For sightseeing in outlying areas, we hired a driver at very reasonable rates.
Hotel Xalteva is a small 8-unit complex built recently and owned by a retired innkeeper from Vermont. He and his wife are charming and gracious hosts, and the whole staff is excellent....very friendly and helpful. Our 2 bedroom, 2 bath unit was modern, clean, comfortable and well-equipped and worked well when we had friends visit for a week. It had plenty of space, air conditioning, WiFi and all the amenities we wanted. In addition there was a lovely pool just outside our door and breakfast was served every morning by the pool. We liked being in a place where we could meet other travelers and also have concierge-type services....very helpful when you don't know the country or the language.