Comments over the Picoaga Hotel:

By fodors:
The front half of this hotel consists of a colonial building with rooms arranged around an attractive arcaded courtyard, originally the 17th-century home of the Marquis of Picoaga. Behind is a modern wing with a restaurant that overlooks the Plaza de Armas. The rooms are a bit worn, but the colonial building itself is attractive. Opt for one of the older, quieter colonial rooms facing the courtyard.

By frommers:
A very nice, more reasonably priced alternative to Cusco's top two luxury hotels, Picoaga also occupies a historic building -- in this case a 17th-century mansion that once belonged to a Spanish nobleman, the marquis of Picoaga. Just minutes from the Plaza de Armas, the hotel is set around a lovely arcaded courtyard -- or, at least, one portion of it is. A newer wing is in a dated and much less appealing modern section at the rear of the hotel.