We stayed at the Hotel in June 2012 in a two bedroom apartment. The apartment was clean and recently renovated. The views were stunning. HOWEVER, it was a two-store apartment and it had on small wall mounted heater that was barely doing the job downstairs. There was another small heater in a closet that we used for upstairs. All this was still nowhere near enough, so we had to ask for another heater from the front desk, we got lucky, as they've given us theirs.
We haven't actually eaten in the hotel's restaurant but it does not look like the one on the pictures, much simpler looking in real life, so we drove to Wanaka in the evenings as there were plenty of restaurants there to choose from.