Room was huge but it was very awkwardly spaced. The bathroom we had was long and narrow (and quite dark). Some TV channels weren't very clear. Overall the rooms were clean and it was not noisy. Mattress was most definitely on the softer side. Chapel and Toorak Streets has plenty of cafes, restaurants and shopping. There is also a big supermarket diagonal from the hotel. Be warned checkout time is 11am. We didn't' know and checked out at noon- front desk was very accommodating.
I like the Olson and stay every time I visit Melbourne. It is clean and staff are nice. I love the location which is a huge positive. All the rooms have a kitchenette as well. The hotel is looking tired. That’s not a big issue for me. However this is the second time that the room has been noisy and I haven’t been able to sleep. I am not sure whether it is current in some kind of air shaft or air conditioner, but there’s a constant noise.