Stayed in May 2004. Its low cost and is about a 5 minute walk from Marienplatz. Room was ok if a little basic. Check in was via the place next door and then a walk round the corner to the un manned entrance. I arrived late at night with a full case, so the lack of 'welcome' was unnerving. Small restaurant , small bar - nothing too inspiring.
But it was cheap, clean and ok and the location was great, I may have just stayed on a quiet night !!