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Hotel Treasury on Collins, Melbourne

Ground Floor/394 Collins St, Melbourne VIC 3000, Australia (show on map)

Treasury on Collins is a stunning boutique hotel housed within the former Bank of Australasia, a heritage-listed landmark built in 1876. Designed by the renowned architectural firm Reed and Barnes—the same team behind Melbourne’s Town Hall and the State Library—the building remains a beautiful example of classical Renaissance Revival design. It even features original Oamaru stone imported from New Zealand, reflecting the bank’s historical ties to the region.

Today, the property beautifully balances this 19th-century grandeur with contemporary comfort. A unique highlight is the guest lounge located on the building’s historic mezzanine. With its high ceilings and preserved architecture, this space offers a quiet place to unwind, and it’s where guests can enjoy complimentary refreshments throughout the day.

The hotel offers a range of suites and loft-style apartments, many of which include practical touches like kitchenettes and laundry facilities, making it a fantastic choice for families or longer stays in the city. Its location right on the tree-lined Collins Street puts you in the heart of the CBD, perfect for experiencing Melbourne’s sophisticated side.

Exploring the area is effortless, with the city’s famous laneways, high-end boutiques, and the historic Block Arcade just steps away. For those looking to dive deeper into local culture, the Immigration Museum is a short walk, while the vibrant Queen Victoria Market and the expansive Royal Botanic Gardens are easily reached by a quick tram ride through the city’s convenient “Free Tram Zone.”

Expert reviews

Lonely Planet review:

“This imposing stone neoclassical building (1876) once housed a branch of the Bank of Australia. The apartments are modern and restrained, not to mention chic and spacious.”

Guest rating

4.6 out of 5.0

Ranked 4th in Melbourne


This an aggregated guest review rating of Hotel Treasury on Collins, Melbourne. We have taken customer review ratings from hotel booking sites, search engines, the official hotel website and other travel platforms. This is the average of all those ratings. We only list places that have a guest review rating of at least 4.0 out of 5.0


What guests liked


Value for Money

91.73 %

Ranked 4th in Melbourne


We use a smart algorithm to determine the value for money each hotel offers. The score is based on a combination of aggregated guest review ratings and the average nightly rate. The higher the percentage, the better the overall value you receive for the price you pay.


Location

Recent guest reviews

5.0
John

2 June 2026

really enjoyed myself and would love to stay there again. staff were very friendly and obliging

lovely large room with great facilities really liked having a washing machine and dryer. taxi pick up at airport was brilliant. free glass of wine was very friendly and created a friendly environment

no room service

5.0
Allan

27 May 2026

Very nice staff. Helpful, informative and professional.

Location

Very noisy entry with restaurant.

4.0
Karen

25 May 2026

Comfortable and homely

Wonderful staff, comfortable bed, beautiful surroundings

4.0
Hatch

21 May 2026

Overall, we really enjoyed our stay. The hotel had a magical atmosphere, with friendly staff.

We really enjoyed our stay! The room was lovely and spacious - somewhat too big for just the two of us. We spent most of our time in the loft area of our apartment. The beds were comfy, the bathroom was clean, although somewhat dated.

The breakfast was lovely, as was the complimentary snack station. I think it’s worth noting that the overall feel and atmosphere of the hotel was just magic. The staff were so very friendly and genuinely happy to be of service. The “wine down” wine each evening was also greatly appreciated and thoroughly enjoyed.

We were staying on Level One, and it was quite noisy at times. We could hear a lot of partying on the street, as well as police sirens throughout the evening. Thankfully, after midnight it settled down and was no longer an issue. I think if we had been staying on a higher level, we likely would have experienced much less noise. The spa bath was also quite dirty, so we avoided turning on the jets.

4.5
Joanne

20 May 2026

Perfect place to enjoy a rejuvenating weekend!

Breakfast was great. Location was great. Ambience and service 2nd to none.. Mezzanine was a lovely, relaxing and quiet space to relax and enjoy a pre dinner glass of wine. Not crowded, staff were all very accommodating and happy to oblige. The complimentary snack bar was also a ‘make yourself at home touch’ .

Nothin. Hit the spot for me.

5.0
Bruce

13 May 2026

Totally relaxing and comfortable

Everything

No dislikes at all

5.0
John

13 May 2026

Fantastic stay with lots of added surprises

Everything..

Room was excellent with a great view from the window.
Location was great with easy access to where we needed to go.

Was all good

5.0
Calib

11 May 2026

BONUS - Free snackbar anytime of the day was amazing!!

Superb! Just everything about the Treasury on Collins.. Superb! I specifically enjoyed the free snackbar and complimentary glass of wine each night was fantastic to "wine down" after exploring Melbourne city. Thank you to all staff!!!

5.0
Cara

9 May 2026

Perfect little getaway some really great little touches popcorn with a movie, I turned down and a glass of wine and a po

I loved the vintage of this property. It was so lovely. The staff were great and helpful. The breakfast was really great. I am really fussy about a buffet breakfast but this was so lovely and it was personable. you can tell that the food was quality.

There was not much I didn’t like about this property. It was just a bit weird having reception upstairs but that’s about it

4.5
John

8 May 2026

Would definitely stay again and recommend to everyone

Great location

Clean and tidy
Great breakfast
Friendly staff

4.0
Robyn

7 May 2026

It was a great short stay in Melbourne city.

Location, authenticity, historical value.

4.5
Louise

5 May 2026

Amazing. Loved it.

The service, the snack bar, the happy hour, the breakfast, location, the room, the pool table.

The bathroom was a little small and outdated. Also couldnt work out have to put the washing machine on for just a drying cycle. And the air con wasn't quite cold enough.

5.0
Jennifer

1 May 2026

Beautiful architecture, beauty, clean room, friendly staff center located

Friendly staff
Perfect location

5.0
Annette

24 April 2026

Best place in Melbourne to stay

Really well located, staff were all very nice & the bedroom was very nice with a little lounge

All good

4.0
Grant

23 April 2026

Short trip for business that met out proximity and comfort needs.

It’s different to typical hotels. A bit quirky. Well located with awesome happy hour.

Nothing really. Good for business.

5.0
Charles

20 April 2026

Superior stay for the price with a wonderful location.

The wind down every afternoon was wonderful, and the breakfast buffet was very complete and the staff were incredibly nice. It was really nice having a laundry in the room. The architecture is absolutely beautiful.

The wine pours are a little short. That’s a bit tacky.

4.5
J

19 April 2026

Clean modern rooms, nice pool, excellent location

Clean modern rooms. Excellent location

4.5
Wyn

15 April 2026

Perfect Melbourne CBD hotel

Amazing location - central, close to shops, cafes, bars, restaurants and tram stops but whisper quiet. Beautiful historic building. Room was spacious and incredibly well equipped with everything you could possibly need for a short stay - including washer dry, drying rack, cooking utensils, bath salts etc. The mezzanine lounge was great for relaxing and spreading out with a book and board game (if the lounge in the room wasn’t enough!) with plentiful snacks and drinks. We took advantage of the Wine Down on several nights to sample some wine before we went out for dinner. We also used the gym which was small but functional with several cardio machines, a cable machine and a rack of dumbbells (Dohertys City Gym 4mins walk away does day passes for $20 if you prefer more weights). Lastly breakfast was neatly laid out and a good selection of both hot and cold options (special call out on the mango and yogurt and tatter tots!) We won’t be staying anywhere else on our future trips to Melbourne.

For some weird reason our bed (two twins with solid bases pushed together with a very plush mattress topper) was “wobbly” - could feel when the other person was moving/turning in the bed. Would go for the two twin bed setup the next time.

4.5
Rachel

14 April 2026

It was excellent. The breakfast was good and appreciated.. I did sleep on the sofa bed - not the best but still got a

Beautiful building and lovely staff.

The property was excellent. A wall mounted TV instead of a free-standing TV would have allowed for the TV cabinet to go and make the room more spacious.

4.0
David

11 April 2026

Comfortable and convenient.

Great location for the CBD, good breakfast.

Nothing

4.5
Anne

10 April 2026

Comfortable, felt “at home”, staff all friendly and highly professional

Space of room, great facilities in our room & hotel; amazing breakfast included; “wine down” option 4-6pm, so central to everywhere in city or get trams.

Nothing at all!!

5.0
Roberta

8 April 2026

Just perfect in every way. My stay was far too short!

It was such an interesting building and use of space. The location was exceptional and within walking distance of shops and fantastic architecture

5.0
Joseph

7 April 2026

An exceptional Hotel

The Treasury on Collins continues to be absolutely exceptional! From the beautifully styled and spacious rooms to the thoughtful attention given to every detail, everything exceeded expectations. It perfectly blends the luxury of a hotel with the convenience of an apartment, complete with a fully equipped kitchen that made the stay even more comfortable. The breakfast was delicious, offering an impressive variety of choices, and the relaxed lounge was perfect for enjoying a drink during the day. Its central location made it easy to explore all of the city’s main attractions—truly an ideal place to stay in Melbourne.

5.0
Andrew

7 April 2026

The Treasury's balcony rooms provide a wonderful quiet luxury stay in the heart of the city.

This was the first time we've stayed at Treasury on Collins and we'll be back! We got a balcony room because we wanted some natural light, which is not possible in many other central city hotels. We got that plus a large comfortable bedroom, large lounge/kitchen/dining area with sofas to put our feet up at the end of the day, a fantastic location close to everything Melbourne has to offer and outstanding service from the very helpful and attentive staff. The room was even very quiet due to the set-back of the windows to allow for the balcony. All at a reasonable price for the standard of comfort and facilities.

5.0
Wendy

6 April 2026

Very friendly staff, great location with public transport handy.

Old style charm, very well appointed apartments

4.5
Geoff

6 April 2026

Treasury on Collin’s centrally great

Great old building, great location very central

Nothing

5.0
Lyndall

5 April 2026

A unique and welcoming experience.

I've never stayed somewhere where I felt so valued! Everything from the generous snack bar and wine down (which unfortunately we missed because we were going to a twilight footy game), to the Easter bunny visit, the complimentary water, Nespresso, and toiletries - we were made to feel so welcome. Breakfast was perfect! Delicious hot cross buns, and those mushrooms! Just wow. Oh - the room size was also so amazing. Already planning a return visit.

The restaurant and bar downstairs was closed. They have the most amazing range of tap beers! Will time our visit around this next time.

4.5
Tom

3 April 2026

Highly recommend staying here if in central Melbourne

Great location and fantastic staff. We had a lovely apartment

Breakfast was slightly limited but a good selection still for the price

4.5
Helen

29 March 2026

Great place to visit, lots of great shopping and restaurants, and our location was excellent for getting around on the t

Location was excellent, staff very friendly and helpful, breakfast was really good, and a beautiful building.

We had no outlook from our room, we looked out onto a small alley way which was a bit disappointing.

5.0
Michelle

29 March 2026

Fabulous hotel, quality accommodation and services

Excellent property, room beautiful and great facilities and services

Na

5.0
Matt

27 March 2026

Excellent stay, didn’t feel like we were in the centre of the city. Amazing service and additional benefits

Excellent property

Couldn’t fault a thing

5.0
Randy

26 March 2026

I would stay here again and recommend to others

the hotel is lovely. Beautiful architecture. Well maintained. Good breakfast.
Nice staff. Good location.

Hotel facilities

Food & Drink

  • - Restaurant
  • - Bar
  • - Snack bar
  • - Wine/champagne (additional charge)
  • - Coffee house on site

Activities

  • - Fitness centre
  • - Golf course (within 3 km) (additional charge)
  • - Billiards
  • - Bowling (additional charge)
  • - Mini golf (additional charge)
  • - Walking tours (additional charge)
  • - Bike tours (additional charge)
  • - Happy hour
  • - Tour or class about local culture (additional charge)

General

  • - Non-smoking rooms
  • - Family rooms
  • - Lift
  • - Heating
  • - Non-smoking throughout
  • - Air conditioning
  • - Shuttle service (additional charge)
  • - Airport shuttle (additional charge)
  • - Shared lounge/TV area
  • - Minimarket on site

Cleaning services

  • - Laundry
  • - Dry cleaning (additional charge)
  • - Ironing service (additional charge)
  • - Daily housekeeping

Reception services

  • - Express check-in/check-out
  • - Tour desk
  • - Luggage storage
  • - Concierge service
  • - Invoice provided

Business facilities

  • - Fax/photocopying

Entertainment & family services

  • - Board games/puzzles
  • - Baby safety gates

Parking

  • - Parking garage

Transport

  • - Public transport tickets (additional charge)
  • - Airport pick up (additional charge)
  • - Airport drop off (additional charge)

Miscellaneous

  • - 24-hour security
  • - Key access
  • - Security alarm
  • - Smoke alarms
  • - CCTV in common areas
  • - CCTV outside property
  • - Fire extinguishers
  • - Face masks for guests available
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