I booked a Junior Suite here for four days for my wife's birthday and wasn't disappointed. I booked it for the view and our room facing the MCG and Southbank on the 48th floor was very good. I have to say the decor is a bit dated but it was clean. As for the service, after a minor hiccup on check in, it was faultless. Free newspaper every morning, perfect room clean and all the concierge staff were very helpful. We even received a free bottle of champagne for my wife's birthday.
There are shops and a small food court at the bottom and the proximity to the free City Circle tram was helpful. This area of the CBD is very pleasant with a short stroll to the Treasury and Fitzroy gardens however most of the shops were closed in this vicinity on the Sunday.