You can do better for $50 a night
We had a room on the third floor, which was very basic. The air conditioning worked fine, which we were happy about. In the morning, I took a shower, and the water stopped in the middle of my shower. I think if we had been on a lower floor, we may have been ok. I don't know if this is a problem with the hotel, or if there just isn't enough water presure in Corozal. I Cuba, where they don't have any water presure, hotels put large barrel on the roof and pump the water into the barrels.
I would have rather stayed at a room for rent, which probably would have been about as nice, and much cheaper.