We loved our trip to Lake Garda! We're on a 3 months trip to Italy, been to Rome, Firenze, Venice and now Garda, this residence (this is an apartment, not a hotel) is 1 km away from Malcesine, the most amazing little town I've ever seen so far.
The location has good view, but there are many things to take into consideration -
1. Nearest supermarket is 1 km away (9 min walk), you have to walk on a main road with no sidewalk, it's pretty scary.
2. There's a bus stop right below the residence, but bus frequency from Peschiera Train Station is low - it should be every hour but we waited 1 hour and 40 minutes for it to show up. The hotel can arrange a transportation for 47e.
3. Prices of restaurants and cafeteria are twice as expensive then the rest of Italy. At Rome and Firenze latte macchiato costs 1.3e, while here it's 3 to 3.5e.
4. Room won't be cleaned until you leave, even if it's more than one week, towels and linnen are replaced once a week. We've been there 2.5 weeks but got only 1 extra toilet paper.
5. The nearest laundry service is in Malcesine, so you'll have to carry it 1.4 km in bags, pay 10e for WASH ONLY, carry wet and heavy cloth back to residence and hang them to dry. BTW the laundry owner can decide that your 4 kg laundry is 15 kg and charge you for 20e, she determines it by using her hand as an accurate weighting device.
6. Since on the main road, there's a lot of noise in room.
But still we enjoyed this place a lot, it was perfect for us.