Friendly owners are a nice plus at this budget find with mostly 2nd-floor rooms in the center of town. Of the hotels we recommend in Panajachel, this one is closest to the bar action on Calle Santander. The noise is really only a problem on weekends, but rooms 1, 8, and 9 do not face the street and make for quieter evenings. Their bay windows face a center courtyard occupied by the sedate restaurant downstairs. Those three rooms are larger than the others and have fireplaces, too. We like Room 9 in particular; it has its own interior balcony.
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