Hotel Assarotti calls it now as a "Bed & Breakfast" Hotel, and I think it's a good choice to explore Genova at reasonable prices with a "homebase" in the centre of this town.
I never slept there, since I live in Genoa, but I know it since it's very close to where I live!
It's easy to reach from both the train stations, few minutes away from Piazza Corvetto, Via Roma and the Old Town. The Hotel is quite small, so I fear it won't be easy to find a room during this year of culture 2004, but you can try! ;-)
Directions: Take bus #34 from Principe Station, or #33/36 from Brignole Station.
Just 10 minutes of walk from Piazza Corvetto
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Address: Via Assarotti 40c, Genoa, Italian Riviera, 16122, Italy