In plain words
Beloved of Lakṣmī who dwells in the lotus, ancient Puruṣa, tender to Your devotees, without beginning or end: O Acyuta, build a pavilion of play in my heart and come and play in it. Salutation to Nārāyaṇa.
Word for word
Consort of Lakṣmī who dwells in the lotus, the ancient Puruṣa, loving to devotees, without end or beginning; O Acyuta, setting up a pavilion of play in my mind, grant that You play there! Salutation to Nārāyaṇa.