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Anyone heard of or used a hotel booking site called Olotels?

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I was looking for a hotel for Paris in October and ran across the above mentioned site. It claims it has "negotiated" deals on hotels a la Hotwire and Priceline I assume. Compared to Expedia, Hotels.com, and Venere, the hotels were noticeably less expensive. If anyone else has used it in the past with success, I am very tempted to take advantage of their rates..

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