Hotel Baia is a new hotel on the 'new' marginal on the other side of the Fortaleza. Located next to the new Chevron building it isn't far from downtown and the Ilia. The room are new and modern and run $400 for the city view. There is a bar and pool on the roof which gets pretty outside. The food options are limited in the bar and the only other option is the $75 dinner buffet, which seems ridiculous, but that is Luanda. Seems they are still working out some kinks. The TV wasn't set up when I arrived and needed to be fixed which required me calling the front desk 5 times. Also some alarm kept going off periodically. So the rooms are vastly better than at the Continental and Presidente, but it is cheaper than some other options like Skyna, Tropico and Alvalade. The food and drinks are expensive and they want you to prepay your whole stay.
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