Some mid-range options for the wannabe rich or sensible spenders:
The Hotel Ultramar is slightly cheaper than some boutique hotels. It's a bit further out of the way of all the fun, high up on Cerro Carcel but the views are simply spectacular and the hotel is really well run. From 30,000 to 90,000 pesos a room.
Allegretto just scrapes in at mid-range. Just opened and run by the owner of the excellent Allegretto Pizza restaurant I haven't actually seen the inside of the place but it looks ok from the photos. 30,000 pesos a double and they have a dorm as well.
I also have some low-range suggestions for people who think spending a fortune on accommodation is folly.
There are a couple of hostels on Cerro Concepion. The first is Hostal Pilcomayo on the corner of Pilcomayo and Templeman and the other is Casa Aventura which is on the corner of Urriola and Pasaje Galvez. No idea what they charge but I expect it'd be on the range of 5-8000 pesos per person for a dorm bed.
There are lots more hotels and many B&Bs and homestays around, especially on Cerros Alegre and Concepcion. Those mentioned are just the ones that come to mind and/or that I’ve personally visited.
www.hotelultramar.cl
www.allegretto.cl
www.hostalpilcomayo.cl
www.casaventura.cl
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