Starting with the good: Great value hotel with lots of facilities. Room was quiet, spacious, and clean, and came with a fantasic view. The gym was well-equipped. I did not use the onsen or pool so cannot comment.
The bad: it's a very dated hotel, whilst the room itself was pleasant, the en-suite bathroom and kitchenette were old. Really old; very tired with age-related decay setting in (think peeling laminate from chipboard furniture, UV-tainted plastics, etc). I'd have a guess and say they were original fixtures from when the hotel was built.
Overall though it was comfortable and I got a few really serene nights sleep. The location was good as well, close to a couple of Family Marts and walkable into Gora, albeit up and down some really steep, unlit roads that were sketchy to walk at night. A car in Hakone really is nessecary regardless of where you stay.