This is a bummer of a story. The "crisis" in Itlay is very real:
It won't be lost on many Italians that la dolce vita in Italy has turned rather sour when even The Grand Hotel in Rimini is, for the first time in its history, preparing to shut for the winter.
The palatial hotel, so beloved of film maker Federico Fellini, will close from January to Easter, its owners have announced, as Italy's economic crisis bites and the demand for five-star watering holes - even ones as mythical as this - goes into hibernation.
It was officially listed as an Italian national monument in 1994, and featured in many of Fellini's films, most notably as a sumptuous backdrop in his 1973 picture Amarcord, a coming-of-age comedy, in which he took liberal swipes at Mussolini and the Catholic Church.