Bellagio is an expensive city but well worth a visit. The other towns on the lake are also expensive. Hotel Centrale, while not cheap, was a good value in an expensive area. They specifically say there is no lake view from the rooms, but there is a sliver of one from our balcony and from the 2nd floor terrace. Our room was small but comfortable with a balcony overlooking the small grounds of the hotel. Its furnishings make if feel more like you are visiting your Italian Aunt. A very large tree offers shade in the hot summer days. Service by the owner and sons is very friendly and helpful. Breakfast is good, smaller than some we had but with hot croissants. Great location right in town with very good restaurants within 1 block.