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Hotel in Montparnasse vs. St. Germain

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My husband and I will be going to Paris for our first time in September. I have been looking at the Hotel de la Paix in Montparnasse. http://www.paris-montparnasse-hotel.com/uk/index.php

The reviews on TripAdvisor are great and it is very close to a metro and RER station. My only concern is that the hotel is quite a distance from most sights that we will be visiting. We tend to use public transportation when visiting other cities and don't have an issue with using the metro, but I am worried that the travel time will hinder our sightseeing (will it?). The price is right (112 EUR) as we are on a budget, but is it worth it? I would like to keep our hotel around 120 EUR although we could afford up to 140 EUR if it would be a better option.

I am also looking at a couple of hotels in the St. Germain area (Hotel le Clement and Hotel College du France). They don't look quite as nice as the hotel in Montparnasse and cost a little more, but I do think the location is more ideal.

I appreciate your opinions!

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