The hotel's location directly opposite Flinders Street Station cannot be faulted, especially if you are joining day tours to the Twelve Apostles or Phillip Island, for which the tour buses depart from Federation Square, which is a stone's throw from the property. Also, shopping areas and restaurants are just around the corner.
As for the hotel and room ambiance and services, while we found no major faults, the overall impression is on the lackluster side, especially when compared with our previous experience when booking on Hotels.com: for the same price or less, we have booked hotels in other places (Barcelona, Paris, etc.) which offer better design and services.