If you are looking for a good value but still want a classy place, NH Latino is your hotel! We were able to get rooms at $88 USD, which is a fantastic deal, even for Buenos Aires, in my opinion. The rooms can be more expensive, however.
The lobby is nice, with a small bar off to the side which closes early by BsAs standards (11 pm or midnight). There are 2 internet computers available in the lobby.
The staff was always very helpful. They spoke some English, but after hours you're better off in Spanish. They accomodated late check outs, luggage storage, etc., with no problems. Friendly for the most part, but so was almost everyone in Argentina. One slip: the window cleaner outside our window at 8 am on a Saturday morning.
The rooms are very nice. I don't stay at fancy-schmancy hotels, so this was nicer than most places I've been at. Hardwood floors and a fair amount of modernist wood decor. The bed was a king and comfortably firm.
Food: a very nice morning breakfast buffet. Fresh-squeezed juice (which is standard in Argentina) along with some pastries, baked goods, eggs, meats, cheeses, fruit, yogurt, cereals, etc. We also ordered room service (hint: room service in Argentina is an absolute steal) and were very pleased with the salad, not to mention the service.
Location: this is the one area that will not be for everyone. As another reviewer wrote, it is a loud, congested area. The hotel does face a very busy street corner, and you may need to wear earplugs (I often do anyway, so it didn't impact me). On the other hand, keep in mind that BsAs was recently voted the 4th loudest city in the entire world, so unless you want to get out of the central area (Retiro, Congresso, Microcentro, etc), your hotel will be exposed to some noises. The area is safe, but you're definitely 'in the city' here, and there is a fair amount of trash, broken sidewalks, etc., on the nearby side streets, as is typical for BsAs unless you are in Puerto Madero or a few other select areas. Note that I never felt unsafe near the hotel, but I have a pretty high threshold for that kind of stuff.
In summary, if you can get a room here for under $100 USD per night for 2 people with breakfast, and you want to be IN the city where all the action is, you'll be happy at the NH Latino. On the other hand, if you want a private Zen sanctuary and don't want to be too close to the dirt, the noise, and the people of BsAs, and in particular if you'd rather not see the real effects a 70% currency devaluation can have on a country, you'd be better off in Puerto Madero where it feels like you're in Santa Monica or Miami or Houston.





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