We booked a weekend stay here through the Innkeepers Lodge website and managed to get 3 nights for the price of 2 which meant it was excellent value.
We had a family room (room 1) which was very comfortably furnished with a lovely modern bathroom and LCD TV with double bed and double sofa bed. The decor was very calming with lots of wood and it had the feel of a much more expensive hotel.
The breakfast was an excellent continental buffet and the staff were constantly topping it up, despite it not being very busy (there are only 14 bedrooms). We didn't mind the fact that it was essentially a pub/restaurant with rooms above as it is all quite upmarket with comfy sofas and no noise could be heard in the room.
Godalming town centre was a 5 minute stroll with a 4 year old in tow and was very pretty with a good selection of restaurants and some interesting shops. Guildford was only about 10 minutes drive away.
The only slight downside was that the rooms at the back of the building all face the kitchen which has a rather noisy extractor fan. However, this was switched off by 11 each night and didn't come back on until 11am, so it wasn't too intrusive.
Overall, a very pleasant place to stay which is a bit different from the usual 'lodge style' accommodation.

We stayed at the Inn on the Lake, Godalming for 1 night (2 Nov 2006). Whilst the room was pleasantly furnished, comfortable and with a lovely bathroom, the atmosphere is not that of a hotel. The restaurant/pub below is run as a separate business. There is no check in, room service etc you would normally associate with an hotel charging the pices they do.
You have a "swipe" key to let yourself in after 11/12.00 when the pub has closed.
Breakfast is diabolical - we came down at 9.15 am and there were no croissants or bread. (Again, in view of the room rate, we were astonished that only a Continental Breakfast is offered).
Whilst eating our breakfast (after having to ask for croissants etc) a cleaner decided to hoover round our table (including under our feet!). Same cleaner then followed us to our room (10.00 am) to try to completely strip the bed etc!
Apart from a "snack" and breakfast, we did not eat in the Dining Room, but we did hear from locals that it has a very good reputation for evening dining
The Bodles.

Inn on the Lake is a pub that has rooms for people to stay in as well.The room i stayed in was fantastic.

Nice big bed, nice bathroom and a good selection of hot drinks to make. Breakfast was simple (no hot breakfast)...

I guess this hotel would be good if you want to stay away from town but it's in the middle of nowhere and there's hardly anything to do (other than making your way downstairs for a pint or two)

The hotel doesn't have cable/satalite tv so you'll just have to be content with the normal channels.

Overall, i like the room. Just hoped there would have been more to do.

We had a lovely, romantic stay at the Inn on the Lake in 2000 and hoped to repeat it. Unfortuanately ownership had changed. The jacuzzi was missing from our room, along with the "hot cooked" breakfast we so enjoyed. My husband is from Guildford and was very disappointed with the changes. We will not be returning there again. I guess it is so true that things are never as much fun the second time around.