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Matagalpa only has one Expedia-registered place to stay within 6 miles, so, if you'd like to stay nearby, it is recommended you book early.
If you'd like to stay as close to the center as possible, the Hotel Roca de la Cumbre is the place to stay.
Looking for an alternative in Matagalpa? The Hotel el Valle might be just the place for you. It's 12 miles from the town's center.
Esteli is another place to stay. It is home to the Museo de Historia y Arqueología and the History and Archeology Museum, and is 30 miles to the northwest of the heart of Matagalpa. Esteli accommodations include the Hotel Hex Esteli and Hotel Los Altos Esteli.