Las Campanas (The Bells) Restaurant sits across from el zocolo in el centro, it is in the center of all the action which is quite visible from some of the tables.  Despite its “touristy” spot its food, ambience and clientele are far from it.  Las Campanas (The Bells) offers a variety of local Maya cuisine including Cochinita ($70MXP), Panuchos ($42MXP), Pollo Pibil ($55MXP) and Beef tacos ($60MXP).  

They also have, by the glass or pitcher, the traditional Maya juice Agua de Chaya; order a pitcher, trust me, it is wonderful.  Sweet spinach like greens are parboiled and blended with water into a frothy green smoothie juice that tastes like a mixture of apple and kiwi juices.  The food is served fresh, hot and quickly; service, both times we went, was very friendly and expedient. 

Both times we dined locals far outnumbered the tourists, as is the norm anywhere in Valladolid aside from the hotels themselves.  At lunch most wore business attire and their lunch break may have been the cause of the slow moving line across the street at the bank.  Las Campanas is a great restaurant with excellent food in the heart of el zocolo, definitely worth visiting even if just for a pitcher of Agua de Chaya and people watch.