I've stayed at the Torcolo too - the owners are really helpful and its 2 mins from the Arena. We were there in May 2004 and the weather was evil - torrential rain for 3 days. We decided to splash out and go for a splendid lunch and asked the sister owners where best to go. They argued between themselves for 5 mins then agreed on one place and remembered it was closed that day, another 5 min argument and they came up with the 12 apostles restaurant. Not cheap (be careful with the dessert wine prices) but truly wonderful and they even took us around the roman basement too.
The Torcolo is not flashy at all and I think its more expensive in Opera times (but so is prob every other hotel in Verona at that time) but it is perfectly comfortable and brilliantly positioned..
M
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