Our room had a wonderful view over the lake, but the first night we were so exhausted from traveling to the hotel straight from San Francisco via Miami via Santiago via Puerto Montt that all we wanted was a quick dinner and bed. The man at the front desk recommended a great place very close to the hotel.
The next day we were feeling friskier and after our morning tour walked around Puerto Varas and enjoyed more fine food. The walk between Hotel Cumbres Patagonicas is very pleasant and easy along the lake front. The hotel itself was in a nice quiet location.
