I booked this hotel 2 weeks before we were due to travel to Malcesine for a friends wedding. I was surprised to be able to get a hotel so close to the centre of town - it's right on the harbour. The staff were as friendly as could be expected given our pigeon Italian. The room was perfect for our requirements - spacious, clean, and quite modern. Double glazed windows, shutters and air con. Nice large, clean bathroom. There was no view from the windows but I hadn't booked expecting one, and we weren't spending much time in the hotel anyway. Breakfast was the usual continental style. They kindly let us leave our luggage in a back room after check out as we weren't leaving straight away.
Overall - perfect for a short stay, if you want somewhere convenient for the centre of Malcesine. I would class it as more of a restaurant with rooms - no lounge area etc. Maybe not for you if you like your hotel on the luxurious side.