A lovely room with a firm mattress, ample couch, TV, mini-bar (where we could store a few groceries). Great shower, nice decor, lovely view of the park. The staff is incredibly friendly and speaks English (but will also let you practice your German). Located 20 minute walk from the Bahnhof/Bus station. One special note: because we had the early tour at Neuschwanstein, we had to be at the bus station long before breakfast was available (it starts at 8a, and the bus leaves at 7:25). While the staff couldn't make an early breakfast, instead they made us up a to-go box of very ample proportions! In all, the nicest place we have stayed on our trip.
One walker's hint to get there: if you walk through the Aldstadt to St Mang's, and then walk along the river, you don't have to go over the hill to get to the Parkhotel.