The Shakespeare is ideally situated for hitting the slopes and enjoying the local restaurants. Access to the buses at Hakuba base camp is a 1 minute walk across the street. There are a number of good restaurants nearby, but you should reserve early to get a seat. The Shakespeare can help, and they offer good recommendations on the area.
We stayed in the annex building. The carpet in our room was stained and covered with a rug in one spot. There are a lot of early 20s tourists who come to party and hit the slopes, so I suspect the rooms get a lot of damage from this (drinking and snow gear). The beds were clean and comfortable and the heating was good.
The included breakfast was good, it's provided by a couple who own a restaurant in the compound. They were really nice. They work pretty hard when there are a lot of guests eating, so it's best to come early or wait till the rush is over.
The Shakespeare a good choice if you want easy access to Hakuba's main attractions.