You have a much greater choice in München from cheap and cheerful to mortgage threatening standards. For convenience and location (i.e. near to us!), our suggestions are below:
Directly opposite our appartment and a few metres to Olé Madrid. The walk across the Wies’n to the Wirtshaus am Bavariapark is but 10-15 minutes. It is a “mid-range” place recently refurbished.
Like the Herzog, the MONS Hotel am Goetheplatz is but 100m from our appartment, but is at the less ‘oestantatious’ end of the market.
MONS Hotel am Goetheplatz
Another one in the “distinct” range is the Mariandl, just up from Goetheplatz.
Hotel Brack sits on Poccistraße U Bahn station and is also close to the Wies’n. It is a little more expensive (and if anyone wants to try it, it would be interesting to learn why!)
Cocoon is a “funky” hotel catering to the “Yeah” crowd.