We had a wonderful stay at the Hotel Asnigo. Beautiful view with our room, firm comfy bed, quiet, and very kind service.
As others mentioned, the cab situation in Cernobbio is abysmal and the walk back up to the hotel can be a steep challenge but was only a real issue when we were on a time crunch. And even then we made it work. (If you have a car this would be a non-issue I’d imagine.) The staff kindly assisted with calling us cabs and the walk down the hill, though steep is quite nice. All in all, still very much worth it for the price and unbeatable views of the lake!