Spent one night here with my wife and kids - we had two rooms. The rooms are pretty basic - no shampoo or hair-dryer in the bathroom and certainly no minibars in their rooms! You get a clean bathroom, a 13" TV and two twin beds in a room with stained carpets. But who cares? You get that awesome view of the mountains from the windows and all else seems trivial. The restaurant serves good food and the staff members are uniformly friendly and helpful. Incidentally, the hotel is owned by a guy who's related to the royal family in Ladakh - we met him and he was a nice guy! The natives say that while this may not be a swanky place they all appreciate the way the owner treats the employees.
Overall, this isn't the Ritz Carlton but it's as good as what you'd get in Leh (the Namgyal Palace, where we also spent one night is better overall in terms of quality, but also more sterile and with less friendly staff...).
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.