I would recommend staying here if you are interested in Art Deco, Tokyo's 20th century past, or just an interesting experience. I stayed here because it has a beautiful Art Deco exterior, and was (is?) a hangout for the literati of Tokyo. The hotel interior gives the impression of being a bit tired. But that is because it is all from the 1950s (?). My room was comfortable; but a bit dowdy. The area around the hotel has many trees. It was a novel experience to wake up in Tokyo to the sound of birdsong! At night I was lulled to sleep by someone playing jazz in the Meiji University dorms adjacent to the hotel. Don't stay in the annex; nothing to recommend it. I'm not sure that I would stay here if you are just coming for tourism and want a modern affordable hotel.
If you are coming to Tokyo on the Narita Express, get off at Tokyo station, and change to the Chuo JR line. Go to Ochanomizu (Water for Tea...nice name!). Go out of the station at the Meiji University side. The hotel is 10 minutes walk. It's a hilly area (hence name of hotel). It's an easier walk if you go past the Kandasurugadai post office, and take a left. Have a look at the map inside the station before you exit.
This is a great area. There are many used book stores, some of which specialize in European languages. Also many musical instrument stores. Since it is a university area, there are many cheap restaurants; Japanese,Indian, Thai, Chinese, and hamburgers. There are also many bars and coffee houses.