Excellent location. Close to everything you need. Walked everywhere easily. Great room (overlooking courtyard). Fridge, hair dryer, TV (mostly french/german stations), great bed, AC, great breakfast (they call crepes pancakes), and across the street from the train station (which we never heard the entire time we were there). Two blocks from Karlsplatz. A transportation hub to places like Neuschwenstien and Linderhof castles, Hop On Hop Off buses, etc. Walk through Karlsplarz to basically everything in Munich. Haufbrau House, cathedrals, beergardens. Victual Market, shopping galore, glockenspiel clock in Marienplatz, and Rischak (trust me, this place has TDF treats). Overall this hotel was perfect for price, location, comfort, and staff. LowenbrauKeller (due north of hotel) was excellent too. Area around hotel is currrently under a lot of construction but it never was a problem.
Use the trains in Europe, we found them to be less expensive and more convenient. Being next to Munich Hbf meant we didn't need taxis or other transportation after we got off the train. Walked it with zero problems.