The new name derives from the name of the most powerful ruler of the region, Vahram Pahlavuni, who ruled over Marmarashen during 988-1029.

The monastic complex consists of the main church, a gavit, a rectangular building, a chapel, two small churches in the North and the South, and a forth church located a little way away westwards.

The whole monastic complex was completely renovated in collaboration with Italy and is one of the most beautiful architectural works of Armenia.