Unless you work for a U.S. multi-national oil company, Malabo is well off your beaten path. The Bahia is one of about four hotels in Malabo, but is clearly the best, although "best" is a dubious distinction. The rooms are pure central africa...questionable locks and only marginally clean, but most times the air conditioner and TV works. Relative to your other choices, however, the Bahia is great. The restaurant is fairly good, with a nice patio that overlooks the harbor. The restaurant staff usually speaks some english, but the desk staff and maids usually only speak spanish. The other good restaurant in Malabo is a french restaurant at the Hotel Tropicana. Beyond that, don't drink anything but bottled water, watch what you eat and wash your hands a lot. Except for the expatriot westerners and the ruling class, most residents of Malabo live a mean existance and sanitary conditions there are abysmal. Unlike most of the rest of Central Africa, Equatorial Guinea is fairly safe in terms of crime and you can walk the streets without too much fear of being rolled, but use good sense and don't let your guard down. There is no tourist industry on Bioko Island, so unless you're simply trying to visit remote corners of the earth, I can't think of a good non-business reason to go there.