Hotel is great for friends or a couple staying in Münich to experience the city - This is not a simple place, but the staff was friendly and helpfull and the rooms were okay: You get what you pay for. Would recommend it for sure, but just for 2-3 nights. Very conveniently close to Main station and only 10-15 minutes walk from old town, etc.
A minor setback is the street on which the hotels resides. A bit noisy, especially on a friday/saturday evening, and.. lets face it, dominated by Turkish shops, street vendors and bars which means you won't get that "German feeling of Munich" until you walk about 5 minutes in the direction of old town. It did not bother us, but should be mentioned. On the plus-side, hit literally takes 5 minutes of walk and then you are in the university (medicin) campus part of town.
All in all, good stay, good price, good experience.