I have only gone to the restaurant. But it's all one building. A giant mansion type thing. The food there in the restaurant was by far, the best meal in Placencia, when we were there three years ago. The whole deal is run by a family...three generations. Very friendly and sweet; I seem to remember the grandma was the cook...awesome! Anyway, the guest house seemed nice, clean and well run, although we didn't actually stay there. From what we heard then, they were moving the biz to an island to run it as a resort; not sure what they planned for the Placencia place. But I'm not up on recent developments....Lan Sluder would probably know the rest. The Guesthouse in Placencia faces the water, but is about one city block off the water, rather than on the water.