I stay at the Olsen every time I travel to Melbourne which is almost every 2 weeks. I have staying there for a couple of years. That says it all doesn't it. The Olsen is a great hotel, centrally located in South Yarra. From here you can get everywhere easily. The staff are fantastic and now know me by name and know what coffee I drink and what room type I like. Once you stay here, you won't want to stay anywhere else. From a business standpoint, it just works! I have taken my family there a few times too and they love it now and don't want to stay anywhere else either. My wife loves the location because of all the shopping in Chapel street.
Stay here...you will love it and get attached...I did,