I stayed in Axum 2 days, both in this hotel, but in different rooms. I arrived here following my LP guide, in a minibus from Gonder.
First night they only had "shared bathroom" rooms. 30Birr (3 USD). These are pretty basic and the bathroom / showers are "too basic", if you know what I mean... But it was late, I was tired, so why not?
But the following day I changed to a "private bathroom" room, one of those that are in the courtyard (see pic). Those are really something very different, and the price difference is not big (5 USD instead of 3). There is hot water and the rooms are big and bright.
So if you come and there is a chance take the "private WC" ones.
There is a restaurant too.
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Theme: Hotel
Comparison: less expensive than average
Prices: less than US$20
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Directions: In the main street, towards the bus station. About 15 minutes walking from the stelae and St.Mary church.