Playa Los Arcos Hotel Beach Resort & Spa - Playa Los Arcos Hotel Beach Resort & Spa. This beachfront hotel is located in Puerto Vallarta Old Town, overlooking Banderas Bay. It features 3 outdoor pools with a waterfall, a spa, free Wi-Fi and free on-site parking. Los Arcos has a spa and hot tub. Guests can also play table tennis or take advantage of the on-site watersports facilities, including scuba diving. There is also an entertainment program.