I loved this place. I spent almost two weeks at this hotel and it was one of the best hotels I stayed at in Peru. For about $20 a night I got a great room with breakfast. I have to say the breakfast was one of the worst I had in Peru at a hotel, but the room made up for it. Spacious, high ceilings, nice sheets, nice furniture, very tastefully decorated, comfortable, a little bit of old world charm and the location is excellent, not only right by the main plaza and yet still peaceful and quiet, but also across from a couple of great cafes - cafe y vino and cafe valenzuela.

There was wireless internet available, but when I arrived, it seemed to be down. It took the staff a long time to fix it (days). I had to keep asking and asking. It ended up that the fix was really a quick fix (basically a phone call to the owners in Lima to obtain a password), but it seemed to be a big job for the staff. Other than that, though the staff were very nice, very friendly, and there was a kitchen that could be used to prepare basic food/tea etc.

For the price, this is an excellent place. Safe, comfortable, clean, tasteful, I really recommend it. Fyi, there is another La Compania hotel in Arequipa, on Jerusalen. Run by the same owners. I think it is quite nice too but I haven't stayed there.

We were very impressed with Hostal La Compania. It is a very relaxed place right next to the Plaza de Armas. It is a hidden gem in a great location. We loved being so close to everything.
We also loved our large, comfortable room. The bathroom in top condition was also a plus.

Very beautiful place, nice rooms, hot water and a great location. Breakfast wasn`t very good, but the rest of the hostel was great.

Found this place by its website (http://lacompaniahostal.com/moran/) and had no idea whether it would be good, but we loved it! It's on Moran just a block away from la Compania church. Our room was bright white, spacious, and sunny with reliable very hot water (although the shower curtain wasn't really long enough so it was impossible to shower without getting the whole bathroom wet). We could here a fair bit of street noise on a Friday night, which didn't bother us but if you're sensitive to that this might not be the place for you. The reception area was really pretty and we could use their internet for free. Breakfast was simple but lovely, and included fresh squeezed juice. The staff was very friendly, although their english was pretty limited. This was me and my friends favorite hotel of our peru trip (and we were staying in places with a similar price point the whole time). Here we paid $40 american per night in October and it was well worth it. It felt homey...I'd love to go back to Arequipa and if I do I'd stay here again.