Mountain View Hotel
On a hill about 10 min drive from church complexes. Very nice hotel, surrounded by glass walls. Incredible scenic. All rooms have balconies overlooking the valley. Most upscale option available in Lalibela.
Asheten Hotel
Near the bus station, from birr 100 although you should be able to negotiate it down, nice and quiet place with hot showers.
Seven Olives Hotel
Right next to the bus station, birr 130. nice grounds, with hot showers and a good restaurant.
Tukul Village Lodge
Close to the church complexes, internet and shops across street, a new lodge with very nice spacious "tukul" style rooms that overlook the valley. With Mtn View Lodge, the only "upscale" option available.