Alaro
If you want to be even closer to the hills, try Agroturismo Son Penyaflor
Eco Hostel - Ca'n Tiu. This is the cheapest option in town, but centrally located. hostalcantiu@hotmail.com and http://hotels.lonelyplanet.com/spain/mallorca-r2101364/hostal-ecologic-can-tiu-p1039938/
Other
For larger groups (up to 8 people) looking for a more private country setting we have access to a fine finca near Alcudia, easy access for running the hills and beaches of Sa Talaia Alcudia or access to the GR221 at Pollenca (access Puig Tomir). See http://www.sawdays.co.uk/spain/balearic-islands/mallorca/la-campanilla, and quote 'RunMallorca' for a special discount rate!