I've now stayed in this HI twice. Last year (2005) was just after the hotel had opened following a quite major refurb and new wing addition. The staff are very pleasant and helpful with excellent English.

The hotel is well located on the main road between Bologna and Imola and i've used it during the San Marino GP weekends, but you will need a taxi to take you into the city as the bus service is less than regular.

The dining is ok, but you'd be better off going into the city where there is a much greater choice.

In 2005 the hotel was offering wired internet which was fast and reliable, but for this year it is wi-fi only and it was down for the 4 nights I stayed.

It's not a typical Holiday Inn (only franchised by Holiday Inn) as it is an up to date older building (contains a beautiful small chapel) connected with a new building (build about 2004). Eastside of Bologna (about 15km to city, public traffic seems to be not available sufficently, 20min to airport BLQ).
We took it as a basis for exploring Modena, Ferarra and Ravena (each about 30min by car) and Rimini, San Marino (about 1,5h).
Although they had troubles with the key (magnet didn't work; we had to change room), rooms look beautiful and are clean (we had at first room 290 with an angular roof, then room 272, both in the new building). Also bathroom is up to date and leaves no wishes.
A McDonalds is about 5min by car westside of the hotel, as are a lot of Pizza-to-go's. Other Restaurants are rare - you need to go to Bologna.
I would stay again at this nice and quiet hotel.
(Been there April 2006)

Stayed here for a night en route from Florence to Milan. Pretty nice for a random Holiday Inn in Italy. Italy is amazing that way, even the Holiday Inn's have nice Italian artwork in the rooms. This hotel is about 30 minutes from downtown Bologna, but everything in Bologna was booked or very expensive, so this was a good alternative.