It's still there and looks very much the same today.
The message on the card to Mr C. Solomon Jr. (with postage due) reads:
Munich , Sept 1, 1908
This is the place to get the best beer in the world. Have had one for you. Are having a fine time. We are leaving today for Heidelberg. Am getting quite a vocabulary in German.
The second postcard is from the Löwenbräu cellar which is across the street from the Löwenbräu brewery. It was built in 1883, but sustained some pretty severe damage during World War II, so it's a little smaller now than what's shown on the postcard.
I like the buildings, and the beer is fine, but I personally would choose many smaller beer-serving establishments in Munich over these. The Hofbräuhaus, in particular, is a big noisy cavern, and both it and the Löwenbräu cellar lack the Gemütlichkeit that I find appealing in those smaller establishments.
I did attend a fun reunion event at the Löwenbräu cellar a few years ago though. Since I took this picture, I am not in it, although I promise I was there and dressed up. To give you a realistic depiction, I've added myself in a somewhat more casual fashion, propped up in an empty beer glass. No formal group portraits were taken, and I'm not sure why.
Although there are no tales of drunken debauchery here, you may find some on the other Sepia Saturday posts.