It's possible to went down to the town along this slope, though it would be pretty extreme descent.
The hotel is perfect place for those who travel by car. Also it's reachable by taxi from Baños (no more than $10). The hotel is known primarily for views of Baños from some rooms, pool and cafe. The views are especially beautiful at night.
We asked to settle us in a room with a scenic view as not all rooms offer a view of Banos. All rooms are individually decorated, check at the official website.
Since the hotel is located at a high altitude, fog is possible, depend on your luck. In the evening we had clear skies and fog in the morning.
The hotel also has a small pool with thermal water, which is heated by volcanic heat. Actually, after seeing photos of these pools, we decided to stay in this hotel.
Back in 2012 the hotel prices started from $80, but in 2014 the cheapest room cost $220, though the price includes a nice dinner and breakfast for two. If you do not plan to spend the night here, you can simply visit the Café del Cielo which offers great view of Banos and open from 13 to 21:30.
Book it on booking.com.
Getting there: The hotel Luna Runtun is located on a mountain over Banos. The easiest way to reach it is by taxi.