We stayed here in the fall of 2006, paying about 50 USD for a "superior" room, insisting that we wanted a quiet room. The hotel is in an old home. Our room was in the original part of the building, off the interior courtyard. Every word that was said at the reception desk or lobby was heard loudly in our room. There was no way to block out the noise, even with a double door. The main lighting in this historic old room was a bare 4-ft fluorescent tube nailed to one wall and it cast a harsh blue light. The hot water in the shower was scalding one day and absent the next. The lock on the door was not secure. The old building has charm, but its implementation as a hotel seems amateurish, and certainly was not worth the price.

We stayed at Posada Toledo for one night during our trip. While it is definitely a hotel with a lot of charm, and is a very good value, we found the accomodations to be only average. We did not take advantage of the breakfast, which we hear is excellent. Not seeing what else was available in the price range, it is hard to compare with others, but some details about this one:

LOUD air conditioner, that seemed to have only off/on
TV available
an attempt at artwork was made
charming courtyard
private, secure parking
less-than-comfortable bed

the girl on the information point told us about the hotel.
iit's a very nice place with patio, with colonial furnitures, charming and with a great service, but with a very reasonable price.
it's a good choice if you travel to merida

This is a lovely hotel in the centre of Merida. I unfortunately took the advice of Tourist Information when I first arrived in Merida and went to The Pink Flamigo hotel (the name should have put me off) just a few metres away from Posada Toledo. It wasn't very nice, so moved to the Toledo the next day. Although a few dollars more expensive, it was infinitely better. The staff at the Toledo are friendly, the rooms are beautiful, very clean and the whole hotel is like a woking antique museum. This was the nicest hotel I stayed at in 5 weeks in Mexico.