I stayed at Oarks Canal Park Hotel for a combination of business and tourism in July 2012 and recommend it for other travelers.
Pros: One block from train station (both JR line and local railroad to Unazuki Onsen) and bus depot. But it's far enough away from the train station that there is no sound from passing trains. There is a broad, treelined walking area immediately in front of the hotel and leading to the large, pretty, but rather sleepy Fugan Canal Park, about a 10 minute walk from the hotel. Plenty of restaurants within walking distance. 10 minute walk to canal boat tours that (I'm told) are very popular in the spring for cherry blossom viewing. Rooms very clean and, though not exactly spacious, they're also not extremely tiny.
Cons: The staff, despite being extremely polite, speaks very little English. They can provide you with trains schedules and maps on request, but had difficulty explaining how to read them. No exercise facility or pool. If you need to work out, there's a public gym on the way to the Canal Park. Some street noise at night - mainly ambulances. There must be a hospital nearby.
Tips: If you are arriving via Toyama airport, the taxi fair is about US$50. Taking a local bus is considerably cheaper. If you need more groceries than are found at the 7-Eleven across the street, try The Market at the far end of the tunnel passing beneath the train station. If you're looking for a different kind of restaurant experience try Tenyone where the chefs cook tempura in front of you - http://www.tenyone.jp/
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