It is a tiny way out of the centre of town ie not walking distance to town.
452 St Kilda Road
Melbourne, Victoria 3004
Blackman Hotel
Then to the other end of the spectrum
Travelodge Hotel at Southbank
However, it was great value and depending on why I was in Melbourne I would return.
Travelodge
9 Riverside Quay
Southbank
Darling Towers on Collins
233 Collins Street
Melbourne
Rooms are a good size.
Oaks on Collins
Location wasn't so great, there are plenty of hotels in Melbourne in more central locations, though that is my personal preference
Oaks on Collins
480 Collins Street
Melbourne