You get what you pay for.
My wife and I stayed in October, 2007 and had no problems with the area. We are 59. Just don't do stupid things, like walk on the streets after 10:00. Shopping is one block away and good food is within 100 feet of the front of the place. The hotel staff were really nice. After staying in town, we went to Mendoza for week. Upon our return the hotel allowed us to store our bags for the better part of a day, even though we were no longer registered. The rooms are tiny, but acceptable. Make sure that you take cabs that are metered. They are cheaper. Interesting areas in the city are within easy walking distance. Nothing to write home about but I'd stay there again.
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