A lovely place to stay. Very well equipped and perfectly located at the top of town, within walking distance of great Flinders Lane and Little Collins St restaurants and bars, and directly opposite Treasury Gardens/Fitzroy Gardens. Lots of trams at your doorstep (you'll hear them!).
A little more northern light and slightly quieter and this would be a 10/10. Even so it's an 8 or 9.
If the measure of a place is whether you would stay there again it would be an emphatic 'yes'. Thoroughly recommended