Hotel Los Felipe (1.5 blocks west of TicaBus, tel. 505/222-6501, www.hotellosfelipe.com.ni , $15/s with fan, $25 with a/c) is the best of the hotels in Barrio Martha Quezada. Rooms are clean and safe and have cable TV and phone; the hotel offers Internet, parking, pool, a shady patio area under a thatched roof, laundry service, and private baths.
Hotel Cisneros, just opposite Guesthouse Santos, offers similar comforts but is slightly more expensive ($25 with fan, and $40 with a/c) and not quite as pretty.
Hospedaje Mauricio Babilonia (six blocks south, half block west of El Zumen, Managua’s Civic Center, house #238, tel. 505/2260-1258, babilonia [at] turbonett [dot] com [dot] ni, $20) is located in a quiet and safe neighborhood towards the southeast side of town, rather far from everything of interest. Run by a well-known local artist, Mauricio Mejía, the guesthouse's five comfortable and clean private rooms are also an art gallery. All rooms have cable TV, hot water, and private bathroom. and Internet is available.