This hotel is an excellent value in central sydney... I paid just over US$100/night but the place was spotlessly clean, completely new, great sunshine in the room (with drapes open) and quiet. I am a business traveler and am very particular, and I can wholeheartedly recommend this hotel to business or pleasure travelers. I must say that it is NOT in the center of the CBD, but a short bus/taxi ride or a 20 minute walk. Please note that there is an early (and strict) check out time of 10am, and there is no luggage storage (although exceptions can be made, it seems). Also, the internet charge in the hotel is high (as is the rest of Sydney) - try Boingo instead, and save a lot. Barbara, who works at the front desk, is very kind and helpful.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.