I'm so glad I looked at this thread, as I am planning a return to Santiago, and wanted to stay in a nice, affordable hotel close to the monuments. The price is extremely reasonable for a double. I stayed at the Peregrino Hotel last time, and while very nice,and affordable, it was too far from the Cathedral.

Are the rooms spacious?
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The world is a book, and those who do not travel read only a page.
--St. Augustine (354-430)