Concierge.com's insider take:
Home to those who prefer the night. A boutiquey spot that occupies a repurposed warehouse a block from Circular Quay, this hotel has attracted a fabulous young crowd since it opened in 2000. The 33 rooms are decorated in slate and dark wood, with tall beamed ceilings and elegant bathrooms outfitted in marble or bluestone. Only the two penthouses have any views to speak of, but most guests seem content to size one another up at the two nightspots—the loungey Hemmesphere bar and Tank, a pulsing nightclub. If staying at such a sceney joint is too much, but you'd like a sampler, stop in at the foodie-mecca restaurant, est.