Locat is great and the hotel as a whole it is coming back to the begining of 20th century. Service is excellent. Breakfast is good, above the italian average, however no chance for surprises. If you stay there for two months you will get bored of having the same scrambled eggs (by the way congratulations to the cooker) and the same pastry everyday. And by the way, no chance to innovations, if you want to use WiFi, it is an extra you have to pay for.
Rooms maintenance can also be improved. In my particular case the stucco of my room had more than scratches from the armchairs and the towels heater has been several times rewelded. (Things do not last forever and sometimes it is convenient to replace them).
Summarizing a nice travel back in to the happy 20's (no matter the hotel is even older) in a superb scenario, with impressive views of the Maggiore lake, in an old fashion atmosphere, that, in my opinion, needs a little bit care of "details" to be a real 5 stars luxe. (Give a look to the signs in the dressing room of the pool and you will know what I am talking about)