5 stars! Khokhobi is a unique collection of 4 historic old-town houses with filigreed balconies refurbished inside for modern requirements. Lobby and breakfast room were surprisingly large.
Great location for touring Tbilisi on foot, next door to gorgeous blue Persian-tile hammam (Turkish bath) with hotel discount. Plenty of eating places/bars/shops/trip providers within easy walking distance. (Meidan is a short walk west along river.)
Breakfast was extensive -- pancakes, eggs cooked to order -- and open till 11am for night owls!
CAVEATS
There is so much wonderful about Khokhobi, but it may not work for every traveler.
Quite a few steps up a sidewalk to the ENTRANCE of the hotel. (A lift/elevator is inside, thankfully!) Not very accessible for people with lots of luggage, although I know the 4 friendly desk staff would be happy to help.
The closest taxis can approach is the parking barrier on Abano St., but it's a tiny 1-min. walk. (Hotel was excellent at booking affordable taxis for me btw.)
FINDING the hotel is tricky on first arrival. Head toward the beautiful Persian-style (Orbeliani) bath. It looks like a mosque, but it isn't! Immediately on the right is a private sidewalk that goes up behind the baths.
Rooms were very cleanly, but as humid as Tbilisi gets in the summer, there was a bit of mustiness in the room air.
Khokhobi may be in a "back corner," but it isn't "quiet" till closer till 11pm due to bars' live music (but rooms are acceptably soundproof).