Concierge.com's insider take:

Formerly (and still best) known as the Machu Picchu Pueblo Hotel, these 85 eco-luxe lodgings include whitewashed casitas and a butler-attended, terraced villa, all with terra-cotta floors, beamed ceilings, and colorful alpaca blankets. While the villa's private gardens, marble bathrooms, and open-air showers strengthen the case for booking this option, the best part of the hotel—no matter where you sleep—is what's outside: 12 acres of misty forest, 160-plus species of bird, endless butterflies, and one of the world's most extensive orchid collections. Though the ruins of Machu Picchu are clearly the main draw (a day's hike or 30-minute bus ride away), the neighborhood's other Incan superstars merit a visit (Wiñay Wayna is particularly gorgeous), as does the hotel's Unu spa. The Andean fusion food at Café Inkaterra is served with Vilcanota River views, but in the unlikely event that you need a change of scenery, take the quick, if rocky, walk to the restaurant- and bar-lined main drag of Aguas Calientes.