in this friendly hotel you get much more than you pay for. I stayed here for 10 nights and I really came to like it. the staff is very friendly, rooms are clean. they were nice enough to arrange a room for us upon early arrival, and only charged us half of the cost.
sure it is a bit outside town, but with 2 stops on the subway, or 600 (about a euro) for a taxi this is not far away.
Since I was too late (and alone) I did not use their tour service, but looking back at it their prices on that tour was really good. I paid more or less the same doing the tour with local transports, and then I didn't get a guide which they include.
When I go back to Yerevan, I will do my best to book this hotel again.
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