We stayed in this hotel for the start of a 5 week honeymoon in Australia. It was a great choice. It is central, we got a great price on their own website through a 48 hour deal offer and when we checked in we were upgraded to a king suite.
The hotel is in an excellent location and near trams, free tour shuttle and free circle tram. As it is the CBD it is near all of the attractions of the city and as a guest you can walk to Flinders, Federation Square or hop on a tram to St Kilda or anywhere else in the city you may fancy.
We were in the city during a heat wave and it was too hot to spend long periods outdoors at the beach but the hotel has a rooftop pool that has a roof which is open on hot days so you can relax right in the city centre.
The only negative things about the hotel was the wifi was expensive. It also can be a little dark as the CBD is pretty high rise and the hotel is in the shadow of large buildings. Our room had nice windows but as it was an alleyway outside it was impossible to get natural light into the room. I imagine that most hotels will have similar problems in the area.
The suite was more like a mini apartment with a living, dining area and a kitchen space if you feel like cooking or staying in for a few meals. We had cereal most mornings and then had brunch as the restaurants in Melbourne are excellent.