Small hotel run like a B&B.
Pros: Great location a couple of blocks from everything in Pucon. Quiet street next to the lake. Fantastic hosts, breakfast is 9-11 am, but we asked to have it as early as 6:30 and it was ready and no problem. If you want more than just basic South American breakfast, just ask. Great off street parking area. Wonderful bedding. Oldest hotel in Pucon.
Cons: Have to ask for hot water to be turned on at certain times of day. No TV in the room (not really needed in Pucon).