[QUOTE=cruising]
The Monastery in Cuzco is a stunning hotel, as the name suggests in a former monastery (Orient Express Hotels). If you have time it's as well worth staying one night at the Sanctuary, the only hotel right in Machu Picchu. True, it's expensive, but it allows you to go and see the ruins in the morning before the hordes of tourists arrive.
[QUOTE]

Or you could do the right thing and walk for three days along the Inca Trail.... it's a far far more rewarding experience than catching the train.