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any recommendations?
http://www.fountaininnandlodge.co.uk/
Great location in the middle of loads of off-piste singletrack, their website even has some maps showing some good loops. There's a cycle track from Parkend to the Pedalabikeaway trail centre too if that's more your thing.
Get a cabin at Whitemead (join the CSMA to get a discount)
http://retreats.csmaclub.co.uk/holidayparks/whitemead/index.php
Store bikes on the veranda of your cabin.
Sarah's Place B&B, not quite Forest of Dean, but not far away....
http://www.sarahs-place.co.uk/
I have also stayed in this place, very helpful and friendly to cyclists ;
http://www.forest-house-hotel.co.uk/
We stayed at the The Jovial Colliers Inn & Bunkhouse at Lydbrook eighteen months ago. Bunkhouse was clean and comfortable, food was good.
http://www.jovialcolliersinn.co.uk/index.php