My wife and I stayed here for 2 nights in October. As others have written it is in a great location on the bank of the Zambezi with very well fitted out rooms and some of the friendliest staff we have had the pleasure of meeting.
On our first night we enjoyed visits in the Lodge grounds by warthogs, monkees, an elephant, 2 hippos and 3 buffalo. The lodge is a few kilometres out of town but there is a regular free shuttle to the main attractions. The breakfasts and dinners are magnificent with dinner being the highlight as you are entertained by local singers and dancers in traditional dress.
Our only regret is that we didn't spend more nights but it's definitely on the list for next time.

A few tips if you're flying into and out of Livingstone and coming to Victoria Falls across the bridge:
1) At the Livingstone Airport Immigration ask for a 2-way visa (US$80 per person) that covers you for entering Zambia twice ie, once on initial entry and again when you are leaving.
2) Prearrange across-border transfers. We used and can highly recommend Wild Horizons who from memory charged approx US$30 per person to collect us from Livingstone airport, take us through the border crossings on to A'Zambesi and then return on our departure.
3) As the Zimbabwe currency is virtually worthless due to hyper-inflation and many credit card facilities in the businesses are intermittent due to poor internet connectivity, make sure you take plenty of US$ (there are ATMs in the town but I wouldn't rely solely on them just in case).

The hotel is placed in a very quiet environment next to the Zambesi. The restaurant has some good choices of food and is very relaxing to go and have a stay in the restaurant for breakfast or lunch next to the river.
The rooms are clean and confortable.the hotel has his own boats for a sunset cruise.
Don't put your hand close to the mouth of the warthogs.

This hotel is the only hotel located on the Zambezi at Victoria Falls but requires a shuttle or taxi to get to the Falls themselves which I found a drawback. The hotel rooms are on the small side but very clean and well designed. The lack of hangers needs sorting as does the failure to replace toiletries like with like. Food is excellent and authentic but would get boring for a long stay ( 4 nights or more).I recommend the warthog! Staff are very helpful but I think inexperience shows. Trips are easy to arrange via the hotel. The pool area lacks seating and despite requests more chairs were not provided which is disappointing as the pool area was popular. Some river cruises go from the hotel so large groups of tourists walking by the pool was disconcerting and intrusive. They also came to the evening 'shows'. The repeat of the show every evening we were there was tedious and unavoidable. The a la carte restaurant - Sebastian - has still not opened despite being shown on the website. Nice hotel but not overwhelmed. Ensure you get a room with river view.

After a long and frustrating ride through customs to get here, we were welcomed to clean, updated and comfortable accommodations in this recently renovated hotel. I found the staff friendly and accommodating to all of our groups needs. Breakfast was buffet style with made to order eggs, but the rest of the lunch and dinner menu items were very limited. I would recommend seeking out dinner at other locales. All said, it was a very relaxing time and a great place to stay and view the Falls.