The Cortiina is awesome. It is the most reasonably priced hotel in old town, but there is nothing that they skimp on. The location is fantastic. We were there in the dead of winter when there was snow and ice, but it was a quick walk to the Marienplatz S-bahn station, only a block from Hofbrau Haus, and close to the Glockenspiel. There are some wonderful restaurants around it (and a kepab house a block away in case you've had one too many liters at a beer hall) and you're a short walk to the Viktualenmarkt.
The hotel itself is swanky. The staff is young and fun, but very professional. Their service level was amazing. When we needed directions or a tip on something they were always able to provide it in flawless English (which helped since my Deutsch ist nicht gut).
The room itself looked like something you'd find in a boutique hotel in Santa Monica or San Francisco - cool decorations, nice fixtures, and just an overall upper-eschelon vibe. The beds were comfortable, the bathroom was stylish - I can't rave enough about this hotel.
In short, if you're going to Munich and you're looking for a hotel, just stop looking and book this place. You won't regret it.
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