Finding reasonably priced choices in the Nikko area can be a challenge. I had found this place on tripadvisor with good reviews and rates and gave it try. It's a good 45 minute train ride from Nikko at the Kasogoe stop. There's not much here, so you might want to consider a meal plan. However, if you cross to the other side of the train tracks, there are two restaurants and a liquor store.
Thats the only negative really. Otherwise, this ryokan is really quite special. The property is older, which I personally found kind of charming. The service was impeccable (as it often is in Japan) and the rooms were lovely and clean. We had a balcony and view of the waterfall/mountians/Kinugawa River....I don't think there is a bad view in the house. All rooms seem to face the river. It's quiet and peaceful. And the onsen downstairs was a great bonus.
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