As others have noted, the location is exceptional -- an easy walk to most everything. I booked here because of this, and its convenience to the Oktoberfest grounds (the reason we came to Munich this trip).
This is not a "grand" hotel with lots of facilities. But it is clean, comfortable, welcoming, and a good value. The included breakfasts are diversified and well-prepared, and becomes a brunch after 11:00 am on weekends. Their chef is very talented and responsive, and told me he is moving to all natural and organic.
But the real advantage of this hotel is the staff. This is a family-owned hotel, and all of the staff evidence a friendly and personal attitude. They were most responsive to my several communications with them prior to our arrival, and most helpful to us during our stay.
I would definitely choose the Exquisit again. Ron Klar