If you are looking for a great location and are not picky about rooms, then hotel blauer bock is ideal. Situated right across from the viktualienmarkt sightseeing/shopping/going out is right at your doorstep.
The rooms we had were very out- dated with old small bathrooms, although well kept and clean. Service at the front desk is very helpful, restaurant medium. Although they don't tell you proactively you can order real cofffee(vs. Only filter) at breakfast, although they don't seem to like the extra work it causes them;)
The rooms are definitely not worth the price, but for our use the location was worth it.