Across from the Staubbach Falls, this excellent lodging opens directly onto Lauterbrunnen's main street, which is handily lined with shops and cafés. The owners have turned this local landmark into a stylish hotel, with modern guest rooms that shimmer with teak and pine. Although the emphasis is on keeping the prices low, there's no skimping on warmth and charm. The views of the falls are astounding: most people ask for a south-facing room. The fact that this side also faces the main road (which has its share of roaring buses) means you should also consider the three other directions of the compass.