Great installations and decor - looks like coming out of a history book. The hotel resembles something that came out of a Harry Potter movie, the decor is amazing.
Unfortunately it is located in the heart of the Asuncion disco/bar area called "Paseo las Carmelitas" - and you won't be able to sleep on Thursday thru Sunday.... disco/bars in Asuncion are opened until about 6 in the morning, so the noise/music/drumming won't let you close your eyes.
The hotel does have reinforced windows - but that is not sufficient for the noise generated around the corner.
I did not try to stay over a weekday (like a Monday or Tuesday) so i don't know how noisy it is - my experience was on a Friday night - and it was terrible - I had to leave the hotel Saturday morning after a sleepless night.