We stayed here for 3 nights in August 2012 when we went to the opera.
It was only 11 minutes walk from the opera house. Very good value, very clean and you could even get food when opera was over. Lovely beer garden. And best of all you could open the windows to virtual silence-- important on hot August nights. 20 min . walk to Bayreuth town with hourly bus Mon- Sat. Best to get taxi from station if arriving by train. Loads of parking .
THe owners do not speak much English but are very efficient and very hardworking. Excellent breakfast served by owner each morning.
And dont miss a visit to the Neue Schloss and the old opera house in Bayreuth.Stunning. Eremitage is interesting too.