During my search for accommodations, I ran across the VIlla Orselina, which is (was?) a beautiful 5 star hotel on on the hillside above Locarno with commanding views of Lake Maggiore. I was unable to book a room online and emailed the hotel to see about availability. Today I received an email from the manager that the hotel was closing permanently, which was not the response I was hoping for! I know there are others on the forum that have stayed here before, so I felt obligated to post this sad news in case others were also considering the hotel for a stay in Locarno.
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