Hostal Posada del Angel is located in the historic district of Cuenca (corner of Simon Bolivar and Estevez de Toral) about 6 blocks west from the main plaza. We found the place had good reviews through TripAdvisor, Hostel World, and Hostels.com; and we agree it is a comfortable place with nice large rooms in a charmingly, historic building. It is costing us $56/night for 2 people in a double-room with private bath. It is a HUGE room with plenty of room for a family. The cost comes with breakfast and the usual hotel amenities such as towels, hot water, cleaning service, laundry service, and free Wifi is available everywhere on the property.
It is an upgrade from last week's hostel stay in Baños, which seemed like a dormitory-setting, but it was exactly what we expected for a $16/night place, with plenty of budget left over to spend on other activities, eating and drinking.