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Near the airport in Managua
Managua is Nicaragua's capital and main commercial center, though it holds little appeal for tourists, who typically only stop over here before or after a flight. The Malecon area on Lake Managua is a bustling area with multiple restaurants, and there are ferries departing from the pier to tour the lake (though note that the lake itself is polluted).
Hotel Camino Real is one of the larger and nicer hotels in Managua, offering clean mid-range rooms and an extensive roster of features. Among them: an attractive outdoor pool, a kiddy pool, a business center, a fine dining restaurant, and even tennis courts. The location near the airport is convenient for those stopping over in Managua before or after a flight, and airport shuttle service is included in the nightly rate.
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