Got a good deal to stay here, but a few things I wish I'd known about it first:
1. It's about a 12-min ride on the U-bahn out of the city center, and only accessible by the U3 line. Trains come about every 10 mins and it's about 2,50 euros per ride.
2. When you exit the train station, follow the red poles to the Olympic Village / hotel entrance. We didn't know this on the first day, and ended up in the giant maze of a parking lot. Note the hotel itself is only actually 3 floors.
3. Wifi is quite expensive in your room. It's "free" in the lobby, but to access it, you have to sign up with your room number. This apparently shows up as if you signed up in your room, and thus incurs a charge (I successfully got it removed).
4. Not much is open in the evenings around the area. The grocery stores (Netto & Tengelmann) close by 8 pm and most stores are closed by then too.

Overall, I think I would have sacrificed the SPG points and stayed closer to town in a boutique hotel with better access to the city. It was a nice stay, but a bit far away to get the full "Munich city

Four Points is the budget brand of Sheraton, and this hotel definitely a perfect choice when in the north of Munich.
We stayed there as my husband had a training close to the Olympiaeinkaufszentrum, which is just two stops away from the hotel, or 10 minutes walking.
The hotel is in one of the old buildings of the Olympic village, we had a view to the new Allianz arena from our room on the 14th floor.
It looks like it has been renovated not too long ago.
Nice lobby area, and they have a concept of "Best Brews", which means they have tons of international and local beers, and I also heard they have a CBO, Chief Beer Officer, who is a frequent traveller or something like that.
We had booked executive room, that came with internet included and 20% on food & beverage. Breakfast was way over expectation, complete full buffet including eggs and Weisswurst for a very accessible price.
Location is also good in relation to other places in the city, as it's only 3min from the U-Bahn station, and across the street is BMW, the museum, and the Olympic Parc.
Staff was very friendly, especially the young associates.
Will definitely opt for this one again when we have to be in the north of Munich.

Maybe we are used to normal European hotels...very small, not-so-modern with few amenities. But, we thought this hotel was wonderful. Parking in a parking garage, an elevator, classy, access to bakeries, groceries and an Apotheke right outside the door. Easy walking distance to the Olympic Park and BMW. We went to Munich for a couple nights to go to Dachau and see the Olympic Park. Dachau was an easy drive...8 miles or so? The front desk spoke English and answered all our questions. I would definitely stay here, again.

I have stayed at this hotel during march, it was snowing, i liked the breakfast a lot, the are is also nice, near to the BMW museum, and also to the Metro station, Defintly will visit again.