I really do wish I could give this hotel more than 3 stars. It's a nice place overall; a boy came out & took my suitcase inside when I arrived by taxi, the bed was comfortable, there's a refrigerator in the room, etc. The room itself is attractive and the hotel itself is relatively new. They have free wi-fi and hot water. The people at the front desk were very friendly and the price for one person was only 47.000 pesos in December 2011.
I would have rated it 5 stars, but the way the hotel was designed you cannot escape the noise from the street (in any room). There is no wall on the front or the back of the building, so the noise comes right through the entire building via the hallway that runs from the front to the back, open-air. Since all the floors are tiled, there's no soft surface to absorb noise. You hear cars, motorcycles, trucks, horns, alarms; whatever you can imagine. To complicate matters, above the door of each room, there's a rectangular hole cut as wide as the door, and about 5 inches tall. I imagine they put these holes there to let in fresh air at all times (but it also lets in noise and mosquitos). There's no way to close this hole. Every room in the hotel is like this. I found sleeping there to be very difficult, and unfortunately I can't recommend it for that reason. Such a shame, because the location is excellent and the property is attractive otherwise. I can't believe an architect would design a hotel without taking into consideration noise control and the sleep quality of the guests.