Awesome hotel with a great location on the slopes. You can hire ski stuff in the hotel for a very reasonable price and lift passes are fabulously cheap. Clean tidy, friendly service, not much English spoken so you'll have to use your Russian, but very friendly staff. The bowling, karaoke and vodka was very enjoyable. The food was fine, with a good choice of veggie options, which is rare for this part of Asia.
Getting there is a long trek, it's about 8hours from Bishkek, but a nice drive with interesting scenery. Word is that you can fly there with Scat, but I wouldn't quite trust that.
The lift system in Karakol is antiquated to say the least and slow and bumbling. Make sure you dress warm if you're skiing here in cold temperatures. The end of season snow in March is fine, but be prepared for interesting safety precautions: hay bales around lift pylons, concrete pillars in the middle of the slopes etc. but great fun in the resort and lots of accessible off piste and fun runs. Highly recommended for that off the beaten track ski resort.More