Excellent location especially given the pricing! I only worry about the quality of noise insulation given that the hotel will be facing quite a busy street. We were always burning points on Ritz to be on this side of the city due to some great restaurants so this is a viable cash alternative. If you are in the neighborhood I can wholeheartedly recommend Ryoriya Stephan Pantel, Kiyama, Tagawa, Koke, Nonkiya mune, and Sake Bar Yoramu. I wonder though if they would be as helpful with reservations as the Ritz (we don't speak much Japanese). I agree that the rates most likely will go up once (hopefully soon) Japan reopens to tourists.