The Lakes of the Clouds has a perfect location about 3.5 miles from the Ammonoosuc Ravine trail head and overlooks the Mount Washington Hotel. In mild physical condition, it should be possible to reach the hut in less than 3.5 hours in decent weather. The hut itself is just above the treeline so the weather can be very unpredictable.
The hut is spartan. Only cold running well water is available and the lights stay on to about 9:30 PM. Beds are a 'prison style' mattress on a wooden bunk with several woolen blankets and pillow. The smallest room holds six, the larger rooms hold many more. At the time of my stay, the hut was fully booked with some spill over hikers sleeping on the floor of dining area.
The food was much better than the accommodations suggested. Dinner consisted of tomato soup, bread, salad, broccoli, Asian flavored chicken with rice, and finally gingerbread for dessert. Coffee, tea, hot chocolate, and water to drink. Breakfast was oatmeal with some add-ins, bacon, and piles of pancakes. The entire meal is served family style at settings for 12 people at each table.
If you are worried about cleanliness, don't go here. The dishes and pans are all very clean, but the many of the other guests and accommodations are not. The pillow and wool blankets for your bunk is likely dirty. The bunks themselves are pretty dirty.
If you want to sleep in quiet, this is also not the place for you. People do get up often at night to use the rest room or go outside and look at the stars. If you are a light sleeper, you will be awake all night long.
If you want to be around hikers and enjoy communal time and don't mind some dirt, this place is perfect for you.
As a few other reviewers have stated, this is not camping. It is an experience that stands alone and is very, very polarizing.