Estancia Mar Dulce (Calle la Calzada, 3.5 blocks east of park, tel. 505/2552-3732, granadamardulce [at] hotmail [dot] com, www.hotelmardulcenicaragua.com , $30 with fan, $40 with a/c, cable TV, breakfast) is locally owned, clean, and professional, and has large, pleasant rooms and a spacious interior courtyard with a landscaped swimming pool.
Casa Silas Bed and Breakfast (206 Calle La Concepción, 1.5 blocks west of El Mercado, tel. 505/8358-5852, casasilas [at] gmail [dot] com, www.casasilas.com , $45) is an unassuming but comfortable option near the market, with a couple of nicely equipped queen-size bed rooms, small pool, Wi-Fi, air-conditioning, skylights, and great coffee. Very knowledgeable hosts can help you make the best of your time in Granada .
Hotel Kekoldi (3.5 blocks west of the park on Calle El Consulado, tel. 506/2248-0804, U.S. tel. 786/221-9011, reservations [at] kekoldi [dot] com, www.kekoldi.com , $39) is spacious and colorful with well-planned architecture and plenty of open areas.
Hotel La Pérgola (three blocks east of the park on Calle El Caimito, tel. 505/2552-4221, lapergolanic [at] yahoo [dot] com, www.lapergola.com.ni , $44) has 11 rooms with private bath, TV, air-conditioning, and access to a gorgeous open balcony (for which the hotel is named), plus tour service, Wi-Fi, and parking.
El Club (three blocks west of the northwest corner of the park, tel. 505/2552-4245, www.elclub-nicaragua.com , $45–65 high season, $20–50 low season) has a modern look with cozy, small windowless rooms and the city’s longest bar.
Hotel Casa San Martín (Calle La Calzada, one block east of the plaza, tel. 505/2552-6185, reservaciones [at] hcasasanmartin [dot] com, www.hcasasanmartin.com , $45–60) has eight rooms, all with gorgeous hardwood floors.