I always stay at Montealegre when I go to Valparaiso! I've tried a few different hotels there, and I always come back to this one because it offers the best bang for your buck. The bed is so comfortable and the bedding and pillows are very comfortable. My room was spacious and had a million dollar view for only $50/night, breakfast included. The breakfast is also tasty with fresh, made to order eggs, although it's a pretty small portion. The bread is also soft and warm. The coffee is decent as is everything else. My only complaint is that the bathroom is really small and the lighting it terrible in the bathroom. They should really invest in some new light fixtures and just update their bathrooms as a whole. The walls are also very thin, so if you forget your earplugs, that could be a big problem if you're a light sleeper. Other than that, I would highly recommend Montealegre!