For the price, you could not do better. Located ten minutes on foot to the Falls, with free parking, and complementary breakfast delivered to your room, it really was a great find. We had a traditional room with a jacuzzi - beautiful room although the steam from the jacuzzi clearly wears on the hardwood floors which were peeling up in a few places but which was not a problem. The room was large and spacious and the bed firm but very comfortable. The room was clean, the staff friendly and helpful, and the small "extras" were nice - bath salts for the jacuzzi, cookies in the room upon arrival, etc.
We did note though that this is not a family / friends / colleagues / etc hotel, at least not in a traditional room. There was no partition to the bathroom area and the shower doors were clear. There would be no way to have any privacy while having a shower and we noted that unless staying with a partner, this could be problematic. Suggest calling to inquire about this if you were booking a room for a family, etc.
With all the expensive options in the area, and all the chaos near Clifton Hill, this hotel is in a great location, with great amenities, and I would not hesitate to stay here again.