We spent 7 nights (July 2013) at Kalypso Hotel - our first visit in Lefkada.
The thing that we valued most there was the quiet and the peace that surrounded us. You can leave the balcony opened and in the same time to sleep like a baby.
Although the furniture and the facilities are not new, but refurbished - the room is clean: the maids clean the rooms every day, change the towels every 2 days, and during the week we stayed there they changed the sheets once.
The room has a refrigerator, a hob and a small sideboard with some dishes.
Regarding the facilities: the room had air conditiong, and a small and old TV with a few programms.
We had a room with sea view, with a table and two chairs on the balcony.
The hotel has a bar with a terrace (sunny place, with sea view) and a veranda (shaded by vines) where you can have breakfast. Regarding the breakfast - I can say that this was a dissapointing aspect: every morning (for one week) they served the same thing and in very small portions. When we will return, if we will have this option, we won't choose an offer that includes breakfast
Overall, for a 2* hotel it offers very good accommodation facilities.