My husband and I went to Munich for the Oktoberfest. Knowing that this was a busy time, I was prepared to pay a premium price for accommodations. We chose this place for the location - right at the viktualienmarkt. Still, this pension is such a rip-off! The location is awesome, but everything else is not. When arriving we got a key to dirty room on the third floor. The housekeeper assured us she would clean it immediatey. Even when she was done the bathroom was disgusting and the room was dusty. The beds were uncomfortable and the walls paper thin. The breakfast room was crowded and the service poor. When checking out nobody was available at first, and again the personel was very unfriendly. I'm not sure what the regular price is, but it was not worth the Euro 177 a night. The parking garage nearby charges Euro 30 for a day.

We stayed here because of Rick Steve's recomendation. I was expecting something different than what we got. Great location and clean, but that's it. The decor is out of date, very small rooms and uncomfortable beds. The night we stayed was warm so we opened the window to get some fresh air. Our room was right next to an intersection so all night we listened to cars and motor bikes stopping and starting - not a pleasent experience. I have found that some of Steve's recomendations are fine, others ae way off base. If you are looking for a hotel experience more like the US, I would not recomend staying here. This place would be on par with a Days Inn or a lower value chain.

We have been at Pension Seidel for a weekend in July. 200m to Victualienmarket an one street down from the Hacker Pschorr Keller is just great.
Our double rooms with bath inclusive had two separate wooden beds,, a wardrobe and a table with TV. Nothing for a romantic getaway, but fine for a weekend. Everything was exceptionally clean but of age. The room faced the backyard and was very quiet.
As said before, the breakfast room has only 4 tables, but the buffet has everything you can ask for. During the week (Saturday) it was no problem to find a table, but on Sunday, when everything is closed and people have time for breakfast the line with waiting guests was long into the hallway.
We would stay there again, for the price was unbeatable.

You really can't argue with the price I paid (49EUR) for a single room in this part of Munich - 5 minutes walk from Marienplatz or Hafbrauhaus, and close to the U2 station for access to Munich Messe. Especially since I was booking less than one month before a massive trade show that had everything else within a 50km radius under 200 EUR booked out. The catch was that this is not a hotel that most business people would consider - the bathroom and toilet were shared. Of course that doesn't mean you have to take a shower with other people - once you lock the bathroom door you are (for better or worse) taking a shower alone. But for most business travellers, having to walk down the hall to use the toilet or shower is out of the question - hence the late availability.
If you can deal with this, though, you have a nice little hideaway in the centre of Munich at a very reasonable price.
Other stuff: No lifts, so if you're on the fourth floor, it can be a bit of a drag. The WiFi is a t-mobile hot-spot, so you have to pay if you don't have some kind of arrangement with T-mobile. Breakfast room is pleasant, breakfast is normal German buffet (cold meat, cheese and bread rolls), but there are only four tables, so peak times will be cramped.