I've stayed at this hotel 3 times. As mentioned, the location isn't fantastic for accessibility to the center of Merida, but all the action is a quick bus ride, $3 cab ride (IIRC), or scenic but certainly sweat inducing 20-30 minute walk down Paseo de Montejo. On the flipside, many of the nicer restaurants in Merida are to the north (see the Travel and Leisure article for a good Merida write-up), and the Hyatt is better positioned for accessing these venues (by short car or taxi ride.)

Despite the locational deficiency and slightly tired decor, I like this property -- the breakfast buffet in the restaurant is great, the Cat 1 redemption is a nice option, the parking is easy if you're driving, and the pool is a nice place to relax.