We absolutely loved our stay at Manitou Lodge! The room was perfect for myself, my wife and our young son. Him having a room of his own was perfect and allowed my wife and I to get some much needed sleep. The sound of the creek was great to fall asleep too, and the location, while a bit of a pain sometimes with the walk across the bridge, was nice and secluded, yet a few minutes walk to anywhere in town. If you want to ride the Gondola, you are right next door, which makes for very easy trips over the mountain. The kitchen was well stocked, although bring your own pots/pans if you plan on doing anything more than basic cooking. The microwave (at least in our unit) was quite a bit smaller than we were used to at home so we did find that to be a bit of a challenge. Parking was a problem one night, but that's not the fault of Manitou Lodge at all, and comes down to the city of Telluride and their permit system. Also, know that if you are coming from a much hotter location, like we were, that this unit has no AC. However, many fans are provided to keep things cool, and most of the time, lack of AC is not an issue and we stayed very comfy each night, despite daily highs in the 70s.
Overall for the price we paid, and the amount of space we got, we absolutely would stay here again, and recommend it to anyone staying in Telluride.