Stayed here during Australia Day long weekend. Accommodation close to CBD was at an extravagent premium and hard to find. The rack rate at this hotel was reasonable compared with most other hotels nearby.
The hotel is undergoing refurbishments, however some features betray its age. There are no lifts/elevators, so if you have a lot of luggage and staying on one of the upper floors it can present a challenge (hotel reception does offer to help, though). There are no swimming pools, gymnasiums, bars or restaurants to be found at the hotel either, but considering what Melbourne, particularly nearby Carlton and Brunswick, has to offer, such omissions are not a concern.
My wife and I stayed 2 nights in a studio apartment, The kitchen is well appointed (but no dishwasher) and the beds surprisingly comfortable. New split system inverter air conditioners have been installed and are very effective. The bathroom, despite renovations, looks dated, however is clean and functional. The rooms have 3 beds (1 queen and 2 single) so are well suited to young families.
If you're visiting Melbourne off-peak, you probably could do better than stay here, but if staying during peak periods you could do a whole lot worse.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC