Reviews for HOTEL MONACO in Munich?

I don't think safety is a concern. There is a slot-machine parlor across the street, and a small strip joint around the corner.

Stayed a few years back at the Pension Locarno across from the Hbf. The hotel itself is just the 2nd and 3rd floors for a 4-story building, you take an elevator up to the 2nd floor lobby. It is a "bathroom/shower down the hall" kind of place. one for men and one for women on each floor. Sink in the room, no A/C, and a bit noisy from the tram line outside the building if you open the windows. Most of the other guests were there for Oktoberfest as well. They had a good breakfast. I talked to a young rep/guide from a British tour operator who was there to pick clients going to the Wiess'n. He had to spend his nights in a tent in a park outside the city for the entire Oktoberfest season.
The world weary old check-in clerk gave us the quick rundown of the hotel policies (like where the bathrooms were), ending his spiel with "...and don't bother buying U-bahn tickets. Its Oktoberfest and nobody's checking." Nonetheless, we ignored this little piece of advice and got a day-pass for 2 the next morning at the Hbf as they are cheap as chalk.

I did a quick search and found these threads : https://search.ricksteves.com/?button=&filter=Travel+Forum&query=Hotel+Monaco%2C+Munich&utf8=✓

While personal safety wasn't a concern, other things were, for some.

I stayed there for 2 nights several years ago. Room was big and clean and the host was very nice with decent breakfast served. I stayed there because it was so close to the train station. The immediate area was a little colorful but didn’t feel unsafe. Had to pay cash when I booked the reservation. Not sure what their payment policy is now.

There's nothing wrong with the train station area - it's just seedy and not nearly as nice as the Marienplatz and Viktualienmarkt area. But if nothing afforable is available then by all means choose the train station.

Did you look at the Motel One at Sendlinger Tor or Motel One at Deutsches Museum? Both are nice hotels in good locations. Also look at the Hotel Blauer Bock and even the Hotel St. Paul?

Thanks for the responses. Yes, I did check both Motel One locations, and they are completely booked. I think I checked 40 different hotels, and they are either fully booked, or are available for hundreds/thousands of euros per night, even though Octoberfest will have ended. I guess I should feel fortunate to have availability at the Hotel Monaco at a reasonable rate for 2/3 nights we will be staying there. Many thanks CJean for the link.

Even if it's not Octoberfest - Munich's hotel rates skyrocket if there's a convention in the city. And conventions there are actually quite frequent.

Try Hotel Antares. I haven't stayed at this hotel, i booked it for june 2018. It has pretty good reviews in trip advisor.

Thanks, Holly, for the referral. I had already checked Antares, along with at least 40 other hotels. The Antares only has availability at 225 euros/night for a single room, prepaid, with cancellation 45 days before my arrival. We need a double, so that won't work, and besides, I don't like being gouged. Just a couple of days later, that same basic room goes down to 90 euros/night. I think I will just stick with Hotel Monaco and walk quickly through the neighborhood, and wear my noise canceling headphones at night! We don't plan on spending much time in the room. Thanks for taking the time to respond.

We stayed at the Hotel Monaco a few years ago during Octoberfest and food it to be a very good value with a very nice owner. She was very helpful and served a very nice big breakfast. Neighborhood is a little rundown but we did not think it was unsafe. Another possibility would be the Hotel am Viktualenmarkt. It is a couple of blocks from the Victualenmarkt, very reasonable, clean and comfortable. We had a double room and it was small but very comfortable and clean. Front desk person was very helpful.