My wife and I stayed here for 4 nights at the end of June. Everything is as listed by other reviewers. Ian is a character, the place is very clean and functional and brilliantly placed. The building has a colonial feel about it and although our room seemed a little basic the bed was excellent as was the en-suite.
We are not keen on impersonal hotels and this was a great place to stay. Just out of the CBD, easy walking to the free tram and bus route and right on the doorstep of the wonderful Lygon St. We also met the most stunning moustache on a fellow guest.