2 night stay in early June 2013 - Standard Twin Queen room got it on special for just over $150AUD/night.
Being the lowest category of crown hotels in southbank I did not expect the hotel to live up to its expectations. Sure the décor in the lobby and room are modern but with minimalistic design and you don't get all the added room/lobby extras as compared to other 5 star properties. The room was semi modern but may need slight refreshing in time. All your regular features are present, minibar, tv, sofa, desk, etc. I did not dine within the Promenade restaurants but there were several available. There was a great heated indoor 25m lap pool and gym facilities appeared to be more than adequate - the lap pool was fantastic and I ended up using it twice during my stay.
The location is just behind the crown towers - with an aerobridge connecting it to the casino floor. Lots of restaurants in close proximity. Great location if you have a conference at the Melbourne Convention Centre. A good 10-15min walk to Federation Square and main CBD.