Located on the sixth floor of a building above a large bookstore, this is basically a capsule hotel -- but it also has some larger "normal" rooms, which are pretty typical for a Japanese business hotel. (We happened to get the smallest of these, the one room that had a big support pillar running through it, but the rest of the rooms are if anything on the large size for a business hotel.) It's about a five minute walk from the train station, and about 15 minutes from Matsumoto Castle, with plenty of restaurants and shopping available within 5-10 minutes.
The hotel has a public area with some TVs and computers available for use, as well as breakfast and drinks for purchase, and a large selection of manga to read. It also has a medium-sized public bath, in addition to the normal private bathroom included with double (and larger) rooms.
The location is good, the price was low, and everything was clean and well-maintained. We enjoyed our stay.