I recently went to Nainital during the Christmas vacations of 2007. Unfortunately the booking was done in this Hotel. The rooms were very damp and it was chilling cold. The overall aura was of a cheap third class hotel. The only good thing was that there was hot water in the tap. Rest, there was nothing special about this hotel. Its located in a very busy market place with no scenic beauty in the vicinity.
No parking place if you get your own vehicle. The rooms were very congested. The TV had no remote and I had to ask for it. There were no room heaters too and I had to ask for that too. The rooms were stinking too. The carpets and walls were stained and dull. Not a good place to stay I would recommend. During our 3 day stay in the Hotel, the only factor that allowed us to stay is that we need to sleep somehow and when its morning we used to go out for our site seeings.