This was my fourth visit to Melbourne and wonder why I did not find this hotel before. It was very comfortable with large room and had a walk in closet leading to the bath. Very conveniently located on St Road next to the park. Tram stops to downtown is 3 mins walk and a 20mins walk can take you Chapel street where you can find plenty of pubs, eateries and shopping.
They have a nice breakfast spread and offer snacks or drinks on the house in the evening on a few weekdays.
The Grand Prix track is just a 10min walk.
It has a taxi rank right outside the portico and thus taxi is always available.