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Choosing budget friendly hotel

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I've been trying to decide on a hotel in Munich for 4 nights in May. I want something comfortable and reasonably priced.

I've read that Marienplatz is where it is at. I've found a few properties in that area that seem to fit the bill, but then found some others that may be nice hotel outside the area with good transit.

Here is the short list of hotels I'm considering:
Hotel Mercure Muenchen Altstadt
Hotel Blauer Bock
Hotel Splendid-Dollmann
Design Hotel Stadt Rosenheim (seems to be nice area with good transit)
Schiller 5 Hotel & Boardinghouse (not sure about area, but walking distance to pedestrian area)

Anyone with experience with these hotels, possibly more than one to offer comparison. How about the areas that they are in? I plan to do one day trip while there and another day touring outside the area, so perhaps being close to Marienplatz isn't that important, I could just spend half a day there to check it out.

I would like some place with a few good restaurants within a short walk.

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