I booked Hotel Agustos last minute because it was on the list of hotels that the tour company offers pickup from. The hotel exceeded my expectations for about $45/night. The rooms and bathrooms were way nicer, cleaner, and comfortable compared to other places I have stayed at in Peru.
If you are coming from the US and expect a certain standard without paying through the nose, this is a great option.
Hot Water: Yes, it works all day everyday. Water pressure is great. No issues whatsoever.
Room & Bed: Comfortable, clean
Heating: They gave me a free space heater for my stay, which was a god send, since it was winter in cusco.
Location: Safe, but nothing amazing to walk to. About 10 min taxi ride (5 soles) to Plaza de Armas.
Staff: Very friendly staff who helped me out with small things like calling taxis, tour guide, etc.
Restaurant: Above average menu and professional waiters.
Wi-Fi: Both hotel lobby and room had it. No problem with speed at all.
Currency exchange: hotel lobby has it, with about the same exchange rate as in the bank.
I usually don't write reviews, but wanted to write a review for this hotel as they made sure it was a comfortable stay for me.