I've stayed at the Preysing several times and will definitely go back. The hotel is located away from the chaos of the train station district but is convenient to transportation - a short walk to the trams or the metro (S Bahn) - Rosenheimer Platz. The first time you arrive (if by S-Bahn) be sure to get an area map - it could be confusing the first time, but is a very easy walk through the Gasteig. The hotel staff is extraordinarily helpful and friendly - they adapt quickly to English speakers. The breakfast is great - a full buffet & they will scramble eggs or make omelettes. The room is very nice & clean, beds comfortable - no complaints. There is a parking garage in the basement, in case you drive in. At night, it is quiet. There is an excellent restaurant next door and a wonderful Irish Pub down the street a couple of blocks. I love the Preysing & recommend it highly.

For the price, this is a good hotel. (I paid 125 euros, our company gets a discount). The pluses include: free breakfast and a good location (not for from Marianplatz and close to the subway) with decent rooms.

The only negative was that the room was a little "cold". The heat for the building had not fully kicked in yet, making the rool a little chilly. This was made worse by the granite floors.