We went there for a one night stay. The room was not large but newly renovated with a flat screen TV. People at the reception are friendly. Location is quite central, especially for the Oktoberfest / Theresienwiese is less than a 5-Minute walk away. The included breakfast was good.
Only negative thing which comes to my mind is that Wifi is expensive (8EUR/day)
All in all it was way better than I expected for only 55 EUR/night
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