We spent 2 nights in Economy Studios. The place is a little out of the way (35 min. bus to Heraklion) but has a beautiful garden, pool and bar. The staff was very friendly and welcoming. The only problem are the extra charge for AC (6 EUR per day (!) and you can't leave it on on account of the keycard that disconnects the power when you leave the room). The room was fine although not as nice as the photos (balcony faced the rear and had no view). The shower was problematic as it is small and drains very slowly which gets the floor wet and there's only a small, non-soaking, floor-mat (we asked for something else but they said it's all you can get and offered us to use the communal mop). Oh, and you don't get soap, dish-soap or extra toilet paper (you get only one), which is a pain to buy yourself if you're staying for just a couple of days.
Apart from these problems we enjoyed the pool, the best frappe-coffee in Crete, the sunset view and the very friendly staff.