I stayed at Genova during Carnaval last Feb. It was much cheaper than the hotels in the the El Prado area -- and the reason why is location. Genova is located in a very bad and dangerous part of town. Any time you leave the hotel, you need to take a cab. The nice part of town is about a 10 minute cab ride away.
As long as you are okay with that, and don't mind being removed from the action, Genova is a solid choice -- especially during Carnarval. At other times, nicer hotels are more affordable.
The rooms are well maintained, pool area is very nice and restaurant is decent.
The hotel manager and activities director were also incredibly nice to us during our stay. They arranged tickets to the parades and invited us to be their guests in the stands. It was a wonderful gesture.
One other note: very few workers in the hotel speak English. It helps to speak at least a little Spanish.
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