Options in and around town include :
Hike to the top of the Giant's Foot 1 hour at most, easy climb
Surf Playa Amarillo, Playa Colorado, Panga Drops, all within walking distance
Hire a boat and surf Manzanillo or other more distant breaks
Go on a howler monkey hunt
Rent kayaks and head to the jumping rock
Rent a bicycle or unicycle and explore
Go snorkeling
Go spear-fishing
Go swimming in the beautiful bay
Have lunch at one of the beachfront restaurants
Stay at one of the surf camps with your buddies and surf your brains out
Play pool with the locals at the local pool hall 2 cord per game
Take a drive to the local hot springs 15 mins away
Go on a nature walk