I had a great experience back in Dec-98 at this hotel. Stayed on 2nd. floor on the bay side with great view of Opera House. Straight out from my room was the mooring pier for the sailing ship (replica I think) that discovered Australia. Maybe I was just lucky to get such a great view.
Room was not huge, but I would call it large. The bathroom was huge with superior appointments (really like the Aussie showerhead!). Very pricy at approx. 375AUS. Really liked it that every light in the room had a dimmer control on it. Could adjust the lights anyway I wanted. The while experience was great and I would go back, but only on my employers money.