La Milonga
Is an argentinian restaurant in the part of town called la palmira. it is a mid to up scale restaurant, where meals are 100-140 lempiras 5-8$ per person. they have a good menu full of healthy and delicious food, of which the tomato soup is particularly recommended. they also have a reasonably priced wine menu featuring argentinian imports, and delicious l40 licuados.
Duncan Maya
Is located just off the park, on the same street as la terasa, but a bit closer to the park. it is on street level. duncan maya is often open later than other places in the area and at a certain hour will be your only alternative to fast food places. that being said, the food is greasy and a bit over-priced. but, they do sometimes have live bands at night very loud, and it's a must for the "local" experience. their "bistec de caballo" yes, horse steak is excellent.
Casa Maria
Some of the the best food in the city, with a variety of international cuisine including French, Italian, and Nicaraguan. Prices are not too expensive with the average plate costing around $15-$20. Staff and the owners are friendly and speak excellent English. They have a good selection of wines.
Tegus has a unhealthy variety of American food restaurants: McDonald's, Burger King, Wendy's, Subway, etc. All follow "home office" food preparation procedures and travelers can eat at them without fear of getting sick. The food court of Multiplaza will do for on-the-go meals.
Tipping in Honduras is 10%. Tipping is not generally expected at smaller restaurants but always appreciated.
El Cumbre
The nicest restaurant in town $20/person or so on top of the "mountain" of "el hatillio." the food is awesome as is the spectacular view of the city. get there about 5:00pm to enjoy the daytime, sunset and evening views of tegus all in one sitting. bring a camera.
La Terraza de Don Pepe
A well known eating establishment just off the central park, which serves typical honduran food at better quality and slightly higher prices than your everyday honduran comedor. good for travellers looking to sample the local food while taking little risk of tainted food. the location, on the second story, overlooking the street below hence the name of the restaurant is nice. the entrance however is very hidden...but there is a sign. it is on the street to the east side of the park, one or two blocks to the north.