Concierge.com's insider take:

The price is definitely right at this stylish 30-room property in the handsome hill town of Città della Pieve, southwest of Lake Trasimeno. Until 2004, when it was bought by a globe-trotting American and refurbished, the Vannucci was basically a glorified pensione; now, its rooms are outfitted in tasteful, mod-colonial style: Balinese carved-wood headboards and tables; wicker chairs; dramatic modern light fixtures; and immaculate, generous-sized bathrooms. The attentive service, the fitness room and sauna, and (as of summer 2007) a small outside plunge pool make the starting price of $128 in low season a spectacular bargain. The hotel also has two very good restaurants: the Pizzeria Pavese, which spills out onto a pergola-covered veranda in fine weather, and the more upscale Zafferano. The local town, a little-known jewel in weathered brick, was the birthplace of Renaissance painter Pietro Vannucci—a.k.a. Il Perugino.