I was there early Nov 2009 (not in Feb 2011!!) for an overnight stay. I was there with a large group (40+) and the hotelier accommodated us after some negotiation on price and availability.
There are large rooms with triple decker bunks, or private rooms with tv, washroom, and anywhere from 1-3 beds. I can't recall if there was a/c.
The owner (his name escapes me) was very friendly and spoke just enough english to make things work. There was wifi, although I can't recall if I had to pay. If I did, it was no more than $1/hour, like it was in most of Guatemala.
Location wasn't really much of a concern since we were there only for the hour, but it wasn't very far from the TICA bus station.
The roof deck with hammocks is a nice touch if it's not too hot to be outside (like early evenings).
