What started as a sleepy 12-room hostelry—Puerto Vallarta's very first—is now a busy 115-room downtown hotel. It's still a viable budget option, mainly recommended for its location on the north end of the malecón close to restaurants and shops. Rooms are very basic; expect white-tile floors and fabrics with floral prints. The cheapest quarters have no air-conditioning. Request a room facing the water, as much for the view as for the natural light; rooms facing the street are dark, making them feel cramped.