Location, location, location.
This place is AWESOME. If you're looking for a great Valparaiso experience, this is the spot. The top floor has a balcony that looks out over the bay and Valparaiso, awesome for both sunrise and sunset. The property sits on one of the main hills in the old part of Valparaiso and is walking distance to anything you'll want to see. The employees were awesome, and most all spoke English. The hotel itself is gorgeous with lots of character, and the room was comfortable.
Parking is a bit sketchy. You'll either park on the street, or they have a lot nearby you can pay to park in. I chose to park on the street, but was worried about the car because of all the break-in stories.
A few things could improve: the breakfast left a lot to be desired (cold meats, cheeses, grains and yogurt). The coffee was good though! I also thought the shower might be tricky for some people to get in and out of. But really, you're not coming here for the breakfast or the shower, you're coming here for the view and Valparaiso!
I will be back!