The picturesque city of Cuenca offers a wide variety of lodging options, from the five-star Oro Verde, just outside of town, to hostels that even the most tightfisted backpacker can afford.
If you're going to Cuenca, you should consider staying at one of several converted old homes that are found in the center of town. Some of the most picturesque old mansions in Cuenca have been converted to hotels and guesthouses in recent years, and they provide charming places to stay that are close to the action of the city center.
If you're looking for a more relaxing trip, you may want to consider some of the lodging options outside of town, such as hotels in the town of Baños (not to be confused with the much larger town of Baños near Ambato) or Ingapirca. The hotels in these little towns offer good service and value and are conveniently located to sites of interest, such as the Baños thermal pools and the ancient Inca ruins of Ingapirca.