We recently went in the month of February and chose this hotel to live. Have few steeper step before entering reception so not likely for old couples. Nice environment, helpful staff, neat and clean rooms.
We took lake facing room so its price was too high during off seasons and room size was too small. Just okay for couple, but will be messy with a child or two. Has geyser, mirrors, chair tables inside room. Room is wooden furnished.
The best thing is they served best quality food and quantity is as much as you want. The room price night including next day breakfast was 2400/- for a lake facing room. It has common open balcony to take the view of the Nainital lake. Well decorated environment with plants and shrubs.
We tried for other rooms near by they were all sold out and much more priced. Few that were around 1500/- had no geyser or direct lake facing rooms. Those rooms were similar in size to Hotel Shivraj.
#myopinion