There is no competition in Iquitos as this is the nicest hotel in Iquitos. That said, it’s not to the standard of a typical Hilton and is extremely overpriced for what it is. I was shocked they had a live band playing really loud on Friday night inside the hotel that makes it impossible to rest/sleep inside any room of the hotel, regardless of floor. I recommend checking out the Google reviews as it’s an ongoing issue for guests/tourists who have early morning tours.
The buffet is good, but not $10 good but very convenient. They offer a shuttle that’s extremely overpriced for 110 soles, however you can get a car service from Iquitos airport for 45 soles with no reservation. I had one load of laundry and they charged me $45USD—convenient, yet terribly overpriced.
All said, it’s a nice place with air conditioning and during the week it is relatively quiet. Keep in mind that these rooms are not sound pride in any way and you will hear traffic noise from the moto-taxis from the rooms on the front side of the hotel.