Overall really great experience at Schwan Locke. It's really close to the main train station (about 10 minutes on foot). Otherwise it's a bit far from the main square downtown but still walkable (about 20 minutes). The surrounding area is not the most interesting but there are still a few restaurants and grocery shops.
The place is super clean and well maintained. It looked recently renovated. Near the reception, there's a nice little cafe and further in the back there's a bar and restaurant where you can eat at night.
The room was also really clean. The studio room is a bit small but still well furnished and beautifully decorated.
Lastly, the staff was super friendly and helpful. You can self check-in 24 hours before your arrival and chat with them if you have any questions and special requests.
I would definitely not hesitate to come back if I'm ever going through Munich again !