I came to lima for 2 weeks on vacation. After spending the first week in a 5-star hotel at a rate of $250/night, I came across this hotel while walking in San Isidro one day. At the good rate of $70 inclusive, I decided to move in for my 2nd week.
The hotel is in a very safe area of San Isidro. Everything you need is 30 seconds away (Wong supermaket, pharmacy, bank, dry cleaner). It's a 10 minute ride to Miraflores (5-10 soles in taxi).
The rooms are big and in fact, they are suites. Theres a sitting area with a small kitchenette. The rooms are clean and very quite. While the place is obviously not as modern as new 5-star hotel and doesn't provide the same amminities, if you're just looking for a good, clean and safe place to stay in then you will like this one.
One problem was the windows in the bathroom. I stayed in the cold season and the bathroom was cold because the windows allowed some outside air in even when closed. Anyways I asked for a heater which they provided and placed it in the bathroom, and that solved the problem.

Forgot to add, rooms have free wi-fi and theres a small business center with computers and printers. Also, there's enough parking in front of the hotel for free.