Hotel Nolda was a great place to base our stay in St. Moritz. The room, although very small, was clean and comfortable and the staff was friendly and welcoming. The breakfasts were excellent and the location is good if you want to avoid the super-expensive downtown hotels. Don't be concerned it is too far away as the hotel provides a travel card that gives you free bus transportation around town and on trains throughout the Engadin region, which we used multiple times, It also gives you free access to several trams including the one right next door to the hotel that whisks you up to a beautiful location on the Corviglia ski mountain with a great view of St Moritz, the lake, and the entire surrounding area.
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