I found a lot of truth the other reviews. First, the location of the Caribe Colonial was the best: in the heart of the Zona Colonial just 1 block from the First Cathedral of the America's and 3 short blocks to the Plaza Espana and the Colombus House. Its on a lively, safe street full of gift shops and art galleries. Second, the hotel has an Art Deco decor that is stylish and rather chic. It's clean and tidy (I'm not sure about eating off the floors, though!). My smallish room was very pretty with the bed draped with sheer fabric giving a canopy-like effect. No view, though ... just the roofs of shabby tenements. My room did have an iron, ironing board, a color TV with cable, phone ... but not much else. The bathroom was tiny and the shower stall was ridiculously small (a Sumo wrestler could never fit in!). The toilet broke twice during my 8 day stay.
The restaurant was good. One night I had the Filet Mignon with wine and mushroom sauce and it was delicious ... it set me back about 15 or so dollars. The complimentary breakfast buffet was great - gorgeous fruit like pineapples, mangoes, papayas, melons, grapefruits... peeled, sliced and so artistically arranged. There were cheeses, ham, bacon, two types of sausages, scrambled eggs, croissants, other types of rolls, and cereals as well. I've seen breakfast buffets like this at the classier New York hotels charge $15 to $20.
The staff was friendly, but not overly so. Otherwise the place was just okay. I found the lighting in my room rather dim. Yes, they are gay-friendly ...whatever that means (maybe "willing to take gay money!") However, if you're a gay Sumo wrestler, you may want to stay elsewhere.
I managed to get a good discounted rate (I won't tell you exactly - but I paid about what you would pay per night at a cheap motel like Motel 6) ... I paid much less than a previous reviewer ... but I arrived the day after a hurricane passed by and a lot of cancellations took place. I bargained hard and got stay for less than what I was quoted at Duque de Wellington, which was a major step down when compared to the Caribe Colonial!
The bottom line - a great place if you get a good discounted rate. It is not worth the "regular" rate. Negotiate hard, if necessary.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.