The lake view is disturbed by an ugly parking lot + ugly building, but you do are able to see the lake and the island there, which is nice anyway, but the door to the balcony wasn't opening. Also, something we don't like about European hotels is that huge covered blanket, and no separate top sheet, so either you're too hot in it or too cold without it.
The hotel is well located, near everything (not that things are too far away in Bled). The rooms are spacious, clean and well furnished. We found the beds a bit too soft, but they were very comfy for one night. Breakfast is great, with lots of choices. There's also a restaurant within the hotel, that is handy for a lazy evening dinner.