The 4Dreams Hotel is a budget property with a fantastic location in the pedestrian center of Puerto de la Cruz, a short walk from restaurants, bars, and attractions. However, this property is dated throughout and past guests have complained of bed bugs, noise, maintenance issues, and odors. The 67 rooms have flat-screen TVs and mini-fridges, and some have balconies. There's a lovely roof terrace with a small (but cold) pool and excellent views over Puerto. Buffet breakfast is available for a small fee and Wi-Fi is free, but patchy in rooms. It could be worth comparing rates with Hotel Marte, where rooms are dated but reliably clean and there's a full restaurant and bar. 

Hotel Monopol offers good value for a crowd of mostly couples in downtown Puerto de la Cruz. On a charming square of its own, the hotel is a quick walk to the famous Plaza del Charco, and within walking distance of a beach. The 92 rooms are dated but homey, outfitted with flat-screen TVs, mini-fridges, and balconies in some. They're also not air-conditioned, and fees are required for safes and Wi-Fi. Still, features are good for the budget price, and an outdoor pool accompanies three sun terraces, a sauna, whirlpool, and play area. The bars are popular, although the buffet restaurant, less-so. Compare amenities with the next door Marquesa Hotel, where some rooms have AC.

Hotel Marquesa offers value accommodation in the heart of Tenerife's popular Puerto de la Cruz, a four-minute walk to the harbor and famous Plaza del Charco. Striking interiors retain original 1712-built features, and an atrium-style indoor courtyard is majestic. Some of the 144 rooms have dated decor, while 2015-renovated ones have more contemporary decor and AC. They come with private balconies offering gorgeous views, but lack fridges and kettles. Two restaurants with outdoor terraces serve three meals, although live guitar entertainment here is more popular than the food. Panoramic vistas from a rooftop pool and terrace encompass the region's offerings, earmarking the hotel's excellent location as a base for exploring the area. 4Dreams Hotel has less charm, but more competitive rates.