I actually stayed at Euro Youth Hotel in Jan 2011 but never reviewed it; I absolutely thought this was one of our better hostel picks along the way! This hotel's great if you're looking for quality on a budget. It's easily located from the main station (Munich HBF, 2-3 mins) and only a few minutes' walk from the Marienplatz. We walked everywhere in Munich from our hotel, including to Hofbrauhaus and all the pedestrian malls.
We were in a triple room with ensuite (private bathroom). The bathroom was plain but spacious. The room was clean, with a sink and mirror outside of the closed bathroom. We had a large table in our room and a bunk for two, plus a single bed. The room was a bit awkwardly split up (bathroom in the middle of the layout), but that wasn't really a problem. We didn't notice the noise, but it is close to the station and among several hostels in the area surrounding the station (slightly seedy, but didn't feel unsafe). The lift is tiny; I'd recommend taking the stairs and/or packing lightly, but they do have one.
The breakfast buffet was fantastic, which was a surprise. There were meats, cheeses, colorful boiled eggs, toast, and more. We were able to fill up and last well until lunchtime. I think you had the option of purchasing breakfast, but I felt it was ample. Worth it if you just want to hit the road and not spend time searching for food in the morning, as it was pretty cheap.
The staff were very kind and helpful, and gave us a map of Munich as soon as we checked in. There was a luggage room where we kept our bags after check-out until our train was ready to leave town. It is behind the desk, but keep in mind that people are picking up their OWN bags from the room (and they aren't checked or identified). Obviously it'd be hard to abscond with an absurd amount of luggage, but do use caution and DON'T leave anything in sight in the luggage room.
Another plus is that they always seemed to have social activities going on downstairs. It was a great atmosphere for meeting people and they had a nice little bar there if you wanted to hang out and mingle. Again, great for young travelers.
I recommended to a friend (solo traveler) and he enjoyed his stay.
I would stay again - clean, comfortable, cheap, good service!
Triple ensuite on higher floor: had private bathroom but paid a very good price. We slept great.
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This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.