Dean & Gaynor's place was perfect for what we needed. The location is excellent - not directly in the heart of the city center so a little quieter at night, but less than a 5 minute walk to the restaurants and bars in Queenstown.
The beach in front of the hotel is also great; we spent our last evening in Queenstown out there. The room itself is small, but very nice and comfortable, with a little Juliet balcony that gives you a view of the lake. Overall, a great place to stay.