To say it upfront: the hotel is a very very good one, but I did not give full points because there IS NO FREE INTERNET. This is a joke nowadays!
Location: At Southwharf, close to city center. Next to a nice river promenade, just a couple a minutes walk to lots of great restaurants and shops. Close to Crown Entertainment Center (where you can find cinemas). I had a room on 1, 1th floor, overseeing downtown, beautiful view, especially at night.
Room: Big enough, very clean, modern, good desk space, comfortable bed. Separate bathtub and shower (something that I prefer over the American solution of having a shower standing in a bathtub). Minibar provides free Lavazza (!) coffee and a Bodum French Press coffee maker - a small but welcome difference.
Breakfast: well sorted, high quality fresh products: continental and "full" (i.e. English) breakfast. Swift and friendly restaurantstaff. Did not try room service, but heard from a colleague that he was very satisfied.
Staff friendly, helpful and quick. Had late check-in and some special requests, no problem at all.
All in all: one of the better business hotels I've experienced (stayed four nights), and it would be perfect if they had free internet. Will come back when back to Melbourne, and I recommend it warmly.