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Hotel Monaco???

I am planning on staying at Hotel Monaco in Munich with my husband in early June and was wondering if anyone has ever stayed there. I read some notes on this site as well as TripAdvisor and it sounds like the hotel is not in the best of areas. We will be getting in quite late (after 9pm)and perhaps would even go out after that so I am wondering if this would be ok. Does anyone have any opinions? Thanks.

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