This place (NB not the Fewa Palace Hotel) is famous for its lakeside location (down an access road from the main drag). Although its main claim to fame is its breakfasts, it is a hotel and does have 2 types of rooms. The "rustic Nepali rooms" are in fact a block of 6 duplex rooms(upstairs bedroom, downstaris shower & sitting area). Although built close to the lake, there is no view due to trees. I found them scruffy and not very comfortable. They are pricey by Pokhara standards. Not recommended. There is also a two story block of conventional rooms set further back. These are OK for the price, and convenient for the Lakeside (waters edge) breakfast, but I far prefer the Peace Plaza. The layout has changed since the photos on the website were taken, as there is now a public path between the hotel and lake.

The whole draw of Pokhara is the lake and the incredible mountain views. But this hotel - while perfectly fine, comfortable and clean - is at least a ten minute drive away.
Only go if you're happy to stay in an international-class standard hotel with not much character that's miles from the main attractions.
There are much better (and cheaper) hotels in Pokhara itself - right by the lake.
I can't think why you'd want to stay here.