Duration: I had stayed at Pagoda Resorts for 2 days in Dec 2007. People say that staying in a house boat for is not only costly, but one would get bored on house boats. Also lake water is not so good.
Location: Pagoda Resorts is very close to Vembana Lake from where you can hire House Boats or go for a 2-3 hour boat cruise.
Price: The price for Cottage room was 2200 Rs. + tax / day (2 pax). Note that December/January is a peak season. You may get the room for less in other months.
Food: The restaurant provides veg as well as non veg food. One can opt for lunch as well as dinner since there are not many options available in Alleppy market.
Rooms/Hotel: I found this hotel to be close to the market place. Also the room was quite neat and clean. The cottage structure is like a Pagoda. The hotel staff was courteous and co-operative. The room included A/C, mini fridge, T.V.
Amenities: There is a small swimming pool (not so clean). The hotel has lots of greenery (plants and trees) around. Few ducks are kept as well. It has got a Gymnasium, T.T. Table, Carrom, Ayurverdic Massage center.
Final Word: Value for money. Very peaceful environment.