Los Abetos is a nice comfortable conference/business style hotel about 3-4 km from the centre of Santiago. As the main hotel was full, we were upgraded to the apartments in the extension which consisted of a large bedroom above a large sitting room each equipped with a giant plasma-screen TV, and its own personal car parking space. For 70 Euros per night for the room (NOT per person!) this was the cheapest place per sq m that we have ever stayed in. The beds are very comfortable and almost 2 m wide. Everything was very clean and pleasant.
The bus shuttles between the Praza de Galicia on the edge of the old town and the hotel. You call the hotel and they send the bus to return, if you are in the centre. We never waited more than 15 min for this service, and it seems to run however many or few want to make the trip.
The hotel outdoor swimming pool is very clean, and not unheated, as some have suggested here, although the water is a few degrees colder than is usual for an indoor pool. It is situated in some pleasant gardens with a nice pond in which are some ornamental fish and some interesting frogs!
The few disadvantages to this hotel are: the architectural design is unattractive/modern-built in 1999 I think. It is situated in an area with no cafes so there is nowhere really to walk to. Despite the shuttle, you might prefer to be closer to the town centre. However, taxis seem cheap here (note the shuttle does not run on Sundays or after 11 p.m.) .The views from the hotel are quite far reaching, but you are looking at motorways and appartment blocks (albeit in the distance-they are some hundred of metres away). We did not have the breakfast at 14 Euros per person it seemed a lot. But you are a captive audience because of the situation of the hotel. Other than that, this hotel is a genuine good deal-you will not get such comfort at such a price anywhere else in Europe!
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