You don't say where your staying in Bellagio but it's a small place so most hotels are near the port and usually a porter will help you with your luggage to the port then, when you arrive in Varenna It's only about 5 minutes from the ferry port to the train station, but it's uphill so with luggage it will take a bit longer.
I will be doing the same thing and have been warned there is often no way to buy tickets in the Varenna station, so buy at another station beforehand, and be sure to validate before boarding, and if the validating machine does not work to write the time and date on the ticket and seek out the conductor.
We are staying at hotel Belvedere which I assume will require a taxi from the hotel to the ferry terminal because of distance and downhill nature of trip. Is this correct?
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