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Located directly across the street from the Theresienwiese, where Oktoberfest is held, this budget pension occupies two floors in a building that dates from 1895. The rooms are comfortable if spare, with high ceilings and big windows to let in lots of light. You can save money by booking a room with a shared bathroom. A good breakfast buffet is included in the room rate. The proprietor, Peter Dieritz, and his staff are friendly and helpful. There’s an U-Bahn station at the corner and Marienplatz is only two stops away.