I've stopped in this hotel with my wife in September, 2008 during our honeymoon
Of cource, it's nice to stay in such a hotel, but you should remember that Singapore is rather expensive city and the price you pay there for accomodation is one of the highest in Asia.
The hotel is situated in one of Singapore top spots near Esplanade, The Suntec City and The Singapore Flyer at Marina Bay. It's also good that it faces the skyscrapers of the financial district, which is located on the other bank of Singapore river mouth. So, you can get the spectacular view from your balcony, especially when you're on the top floors. The rooms in the hotel are rather big which is not usual thing in most of Singapore hotels. If I'm not mistaken, now after the opening of circle line of MRT, the subway station is also several minutes on foot from the hotel. 2 years ago it took about 10-12 minutes to get the City Hall station, but all the way you could go by the underpass with a/c.
Nevertheless, I think that it's usual for Singapore when you spend in the hotel only nights, so, booking an expensive hotel may pay the cost when you can really afford this or when you have a good reason as honeymoon:) If I remember, we've payed about US$180 per night for standard room, but we had some benefits, because we booked the hotel by the Singapore Airlines programme "Singapore Stopover Holiday". In other cases I think it's better to find a cheaper hotel.