Do a good deed when you stay at the Hotel con Corazón (from $48), where all profits go to local education. Have a cocktail by the pool or catch the breeze in a large, locally made hammock in the courtyard.
Ten-month-old Casa Silas B&B (from $45) is a pretty, refurbished colonial home with just two rooms, which means extra-personalized service from the Canadian owners (and their pup, Silas). Soak in the small, sunny pool while you wait for your cooked-to-order breakfast.
Reserve one of the second-story rooms at the Hotel Plaza Colon (from $109) to score a terrace overlooking Parque Colón (a.k.a. Parque Central). See the leafy heart of Granada from your rocking chair, the favorite seat of Nicaraguans everywhere.