The newest hostel in town and one of the best, the location is the only possible problem. During the Oktoberfest it is the perfect location as it is just a 5 minute stumble to the Oktoberfest grounds, but otherwise it is a 10 minute tram ride or a 1/2 hour walk from the main train station.
This modern hostel has pool tables, an on site disco and bar, as well as being directly across the street from one of the cities most famous breweries.