We had a single night stay prior to getting on the Spirit of Tasmania ferry. We weren't expecting much based on the reviews, but we were pleasantly surprised. Check in was quick and friendly. The room was very nice, clean and spacious. The bed was comfortable, it was quiet, and we had a good night's sleep.
We also didn't expect much from the restaurant, but again, it was good. The prices were reasonable, and it tasted great.
The only negative to the Edgewater is that it is located on the opposite side of the river from where everything is (restaurants, parks, cinemas, CBD). As a result, I wouldn't recommend a multiple day stay here if you are planning to do things in Devonport. Having said that, there is a very nice walking trail directly from the hotel along the river and the Bass Straight that looks like it goes for quite a ways.
Overall, I'd recommend this place.
Room Tip: I'd recommend a terrace room on the second level... they look newer.
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This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC