I've always wanted to go to Lake Como, and this stay surpassed my expectations in terms of beauty and the accomodations were fantastic. We only had 2 nights, wish we had more. We had a terrace room - wow, what a terrace! We could have had quite a party out there, it is huge. In fact, it was so nice that we did absolutely nothing the one full day we had in Bellagio. We just sat out on the terrace most of time and enjoyed the views. We were travelling every day to a new city up to this point, so the extra night and day to relax was much appreciated. I forgot there was even a roof top terrace until I was reading other reviews... we'll have to go back just to check it out :).
We thought the room was perfect - not too large or small, just right. Shower was a little small, but fine. I have to disagree with the poster below with the complaint about the terrace room, we had the same terrace room to the far right when looking at the lake and found it to be quiet and didn't notice light at all, slept like babies! In fact, if you look at the picture of the room - the curtains were quite thick and no light came in. We liked being on the end, it is much more private that in the middle.
We enjoyed breakfast and actually ate all our meals at the hotel. Staff was very helpful - we were looking for horseback riding and they spent a lot of time finding a place and helping us work through the logistics of getting there (we didn't end up going - that is when we decided we wanted to just relax on the terrace).
Great location - easy to walk to the ferry and all the shops. What a cute town! We were there right at the end of their season, so not too crowded and all the shops were offering specials on the items before they close down for winter. We have such great memories of the hotel, the town and the area.