Whatever you are up to in Sydney, this place is in a good location for it. The Randwick race course is walking distance, as is the University of NSW and the Sydney Childrens Hospital. Coogee Beach is a short bus ride away, and the airport and the CBD are each about 15 minutes away.
The hotel itself is clean (although it smelled a little of cigarettes on our floor in spite of the no smoking signs everywhere), and the staff are very friendly and helpful. There is a restaurant on the 3rd floor which does a good buffet style breakfast for AUD$15 per head. Undercover parking is free of charge and there is also a complimentary shuttle bus to/from the airport.
Rooms start at AUD$130 for a double. We had a family room (3 single beds and 1 double bed) which cost $210.