What we really like about the Hotel Olympia is the lovely staff and their friendly service. It's about 500 metres from Arabba centre, which can be walked in roughly 7 minutes. There is a great heated ski locker room you can use by the Burz ski lift, so you don't have to carry everything. The walk warms up the ski legs nicely, and you can just pop your ski boots on when you get there.
We'd recommend using the hotels sauna after coming back from the mountain. The restaurant serves good food, both breakfast and dinner. The hotel bar is nice and spacious. Its a good place for a drink in the evenings if you're not venturing into town. The hotel has a traditional Alpine feel throughout which we found gave it a nice warm character. It's slightly above the town, so you can get some really great views of the town and the mountains. Great for that holiday picture to make your family and friends envious.