This should be a 4-star hotel. It was completely renovated in 2018. Everything is up to date and very clean. If you are looking for a quiet and relaxing place, away from the crowd but also near all major Santorini attractions, this is IT.
The hotel has amazing views of the caldera, sunset view, and sunrise view too. It's located on the hiking path between Fira and Oia but 12 feet above the path with privacy. Breakfast is full service with fixed menu but different every day. The staff is friendly and welcoming. We enjoyed every minute of our stay here. It's one of very few hotels that we feel at home. We definitely will choose Caldera's Memories again.