Their staff is very friendly. They have several folders with information about nearby restaurants, places to see, time of the last bus back to the guest house, etc. They recommended me to a tea house with great atmosphere which I didn't notice on the map, so that's a plus. Their private hot spring is great. At first I thought 30 min is too short, but they have this restriction so that every guest gets a chance to get in, and actually 30 min is long enough.
The location might seem far from most attractions, but buses pass by frequently, and you would need to take bus to several places anyway no matter where you stay.
All in all, a great hostel. I would totally recommend this hostel to anyone going to Hakone.