Overall, this hotel provided a great experience.
The location is absolutely great, and our room had a view directly in front of the Iglesia la Recoleccion. Noise coming from the streets is bearable, starts early, but it is quiet at night, for the most part. There's a grocery store nearby (Union), which is very usefull.
The room includes a mini-fridge, a must to stow away your 1$ Tonas. The shower was great, the A/C worked wonderfully, the safe was useful, the bed was comfortable; overall a great experience with the room.
We especially liked having a private parking on site, considering how busy Leon can get. The whole hotel feels like a little private island, where you can relax from the vibrant life of this city. There's a bunch of excellent restaurants nearby (Carnivoro, El Bodegon, etc), museums and churches to visit (and walk on), etc.
The price might be premium for Nicaragua, but it was worth it!