Named for the giant lily pads found in the region's lakes, this simple hotel has comfortable, carpeted guest rooms, and a fairly central location. Most rooms surround a courtyard with tropical greenery and a small swimming pool. Rooms in the front are brighter and slightly larger, but you'll hear the moto-taxis passing by day. Those in back are quieter, but rather dark and slightly cramped. Colorful paintings by local artists add to the hotel's overall attractiveness.
It's a short walk or mototaxi ride from the Plaza de Armas.