You can sit out on one of the patios and watch the river go by or the sun set, or wander along the nearby river promenade. I haven't been to this hostel. I found it at the German youth hostel site. I stayed at an HI hostel in Munich that was near Rotkreuz Platz, can't remember the name of it though. It was a decent place to stay, a few blocks from a subway stop, and the neighborhood seemed fine.
Wonderful staff serves wine in the lobby.
Clean rooms and a great free breakfast. 15 minute walk to the train station. 5 minute walk to old town square. Located in Southern part of old town. Private rooms include private bath.