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4.7-Rated Hotels Near Wool Exchange
Once the bustling former Melbourne Wool Exchange, this heritage building now thrives as a creative haven. The original red-brick walls still carry echoes of 19th-century trade, but today they frame art exhibitions, pop-up markets, and the rich aroma of artisan coffee. Walking through these spaces feels like time travel—past meets present, tradition dances with innovation, and old bricks tell stories of reinvention.
1 Hotel Melbourne
This hotel is a perfect choice for family trips! Featuring a kids' playground and children's meals, plus thoughtful amenities like a pool lift, it makes traveling with little ones a breeze. Located in Melbourne Docklands, it's just a 10-minute walk to Collins Street. Enjoy the indoor pool and spa center for ultimate relaxation. Business travelers will love the 6 meeting rooms and expansive conference center. Unwind at the bar or indulge in room service—every detail is designed for your comfort!
The Ritz-Carlton, Melbourne
This hotel is the epitome of luxury in Melbourne! Standing 80 stories high in the CBD, it offers breathtaking views of the Dandenong Ranges, Victoria Harbour, and Port Phillip Bay. Indulge in acclaimed dining at Atria Restaurant or unwind at The Ritz-Carlton Club and the lavish spa. Families will love the kids' play area, childcare services, and special children's meals. With airport transfers, valet parking, and top-notch amenities like a fitness center and pool, it’s perfect for both business and leisure. A true gem in the heart of the city!
Sofitel Melbourne on Collins
Nestled in Melbourne’s luxury shopping and dining precinct, this award-winning hotel dazzles with floor-to-ceiling windows offering breathtaking city views. Unwind at the executive lounge, savor modern cuisine at the on-site restaurant, or sip cocktails in the chic atrium bar. Perfect for both business and family trips—it offers childcare services, airport transfers, and even wedding venues. With a state-of-the-art fitness center, business facilities, and Chinese-friendly services, it’s an ideal blend of luxury and convenience for any traveler.
The Westin Melbourne
Nestled in the heart of Melbourne's central business district, this hotel blends modern luxury with ultimate comfort. Drift away on the signature Heavenly Bed, and enjoy city views from select rooms with Juliet balconies. Rejuvenate in the indoor heated pool or stay active at the fitness center. Indulge in gourmet delights at Allegro Restaurant or unwind with afternoon tea at the lobby lounge. With 743 sqm of event space and professional services, it’s perfect for both business and leisure. Complimentary Wi-Fi and smart TVs ensure a seamless stay, making every moment effortless.
Holiday Inn Melbourne Bourke Street Mall by IHG
Perfect for family trips! Located right in Melbourne CBD, just a 6-minute walk to shopping hubs, with kids' meals and childcare services to let you relax. Enjoy top-notch amenities like 24-hour front desk, fitness center, and free WiFi. Spacious rooms even offer complimentary cribs for your little ones. Hungry? Grab a bite at the buffet breakfast served daily from 7-10AM!
Novotel Melbourne South Wharf
The Larwill Studio Melbourne - Art Series
Vibe Hotel Melbourne
Melbourne City Apartment Hotel
94 Highett - 5 Bedroom, 3 Car Parks - Luxury House
StayCentral - Ngv Arts Centre Retreat Southbank
Q Squared Serviced Apartments
Boutique Abode 316
Riverside Apartment Melbourne CBD
StayCentral - Thornbury Entertainer Townhouse
StayCentral - Northcote Hill Penthouse
Frequently Asked Questions
Everything you need to know about Wool Exchange
The Langham Melbourne is a top choice, located just a short walk from the former Melbourne Wool Exchange. This luxury hotel blends Victorian-era architecture with modern elegance, offering exquisite rooms and exceptional service. Guests enjoy access to a Michelin-starred restaurant and are perfectly positioned to explore the historic site’s architectural grandeur and contemporary art exhibitions.
Yes, the former Melbourne Wool Exchange is centrally located near Flinders Street Station and multiple tram lines, making it highly accessible. A recommended route starts at Bourke Street Mall, walks through Bloom Street to the Royal Botanic Gardens, then along the Yarra River waterfront, passing cultural landmarks like the Melbourne Town Hall and St. Patrick's Cathedral, ideal for a 1.5-hour immersive cultural experience.
The site hosts rotating contemporary art exhibitions and design markets showcasing Melbourne’s creative energy. Join a guided tour by local experts to uncover its history as a 19th-century wool trade hub. On weekends, enjoy street food stalls and artisan coffee, blending culture, heritage, and urban lifestyle in a vibrant setting.
The Langham Melbourne is a top choice, located just a short walk from the former Melbourne Wool Exchange. This five-star hotel blends Victorian architecture with modern luxury, offering breathtaking city views and exceptional service. Guests enjoy panoramic vistas of Melbourne's skyline and historic landmarks from spacious rooms. With a Michelin-recommended restaurant and a serene spa, it's perfect for travelers seeking elegance and convenience in the heart of the city.
Take the free City Circle Tram, which stops at Melbourne Central Station and Melbourne Arts Centre Stop, just a 3-minute walk from the former Melbourne Wool Exchange. The tram offers a scenic, eco-friendly route connecting major attractions. Alternatively, walk or bike along the city’s green corridors—passing by the Royal Botanic Gardens and Flinders Street Station—for an immersive experience of Melbourne’s urban charm and heritage.
The building showcases Victorian Gothic architecture, with red brick façades, intricate stonework, and pointed arches crowned by a central tower. Inside, original timber beams and vaulted ceilings remain intact, reflecting its past as a bustling wool auction hall. Features like ornate iron gates and classic fireplaces have been preserved, offering a tangible connection to Melbourne’s 19th-century commercial legacy. The structure stands as a living monument to Australia’s trade history.
Try Lune Croissanterie, a world-renowned bakery just a 5-minute walk away, famous for its handcrafted croissants and salted caramel éclairs made with natural yeast and premium butter. For a more substantial meal, visit The Meat & Wine Bar, offering locally sourced beef and curated wines in a sophisticated setting. Both are nestled in the heart of Melbourne’s historic district, blending exceptional cuisine with rich cultural surroundings.
Staying nearby offers unmatched accessibility to key hubs like Melbourne Central Station, Flinders Street Station, and the Royal Botanic Gardens. The area buzzes with independent cafés, art galleries, and heritage buildings, creating a vibrant cultural atmosphere. Guests can easily attend local events, enjoy morning walks, or evening strolls through the historic district—perfect for immersing in Melbourne’s dynamic lifestyle and authentic urban charm.
Traveler Reviews
See what other travelers say about Wool Exchange
The Ritz-Carlton, Melbourne
Staying at The Ritz-Carlton, Melbourne was an absolute highlight of my trip. The entrance isn’t on Spencer Street—instead, you enter from Lonsdale or Little Lonsdale Streets and take the elevator straight up to the 80th-floor lobby. From the moment you step in, the concierge greets you warmly every time you come and go—it’s such a thoughtful touch. Breakfast, afternoon tea, and dinner are all served on the top floor, offering breathtaking views over the Yarra River and Docklands. The panoramic rooms deliver stunning sunrises and sunsets, even if the glass has a slight tint and the viewing angles are somewhat limited—still, the vista is unforgettable. My room was on floors 60–79, quiet and luxurious with excellent privacy. Breakfast features a small but fresh selection of fruits, bread, and yogurt, while drinks and main dishes are à la carte—though the quality more than makes up for the variety. I especially loved the hand-poured coffee. All bath amenities are Diptyque—luxurious and fragrant—and the bathtub is deep and relaxing. After exploring the city, returning to my room, having a light snack, and soaking in the tub was the perfect way to unwind. It’s not just a stay—it’s an experience, and the value is truly exceptional.
Sofitel Melbourne on Collins
Staying at this hotel was an absolute highlight of my trip to Melbourne. Located right in the heart of the city, it’s incredibly convenient for exploring top attractions, shopping, or business meetings—everything is just a short walk away. The room view is spectacular, with floor-to-ceiling windows that open up to breathtaking cityscapes. Watching the skyline light up at night was truly magical. The staff went above and beyond with their professionalism and warmth, making every interaction smooth and welcoming. Despite being in the middle of the city, the hotel feels surprisingly quiet and peaceful—like a serene retreat amidst the urban buzz. It’s not just a place to stay; it’s an experience. I’d highly recommend this hotel to anyone visiting Melbourne, whether for leisure or work.
The Westin Melbourne
Staying at The Westin Melbourne was an absolute highlight of my trip! The bed was by far the most comfortable I've ever slept on—so plush and supportive, I barely wanted to get up in the morning. The pillows were incredible—definitely the best I’ve ever experienced—and I asked the staff if they were available for purchase, but unfortunately, they’re not sold separately. Still, that alone makes this hotel stand out. The service team was incredibly professional and attentive, and when a billing error occurred due to a system glitch, the issue was resolved quickly and efficiently, with great support from the platform. Location-wise, it’s unbeatable—right next to the Yarra River, just a short walk across the bridge to the Royal Botanic Gardens, and both tram and train stations are literally right outside the door. Whether you're exploring the city or just relaxing, everything is within easy reach. I’ll definitely be coming back here on my next visit to Melbourne!
Novotel Melbourne South Wharf
Staying at Novotel Melbourne South Wharf was a fantastic experience, especially if you're planning to explore the shopping outlet right below the hotel—location couldn't be better. The room was spacious, clean, and felt brand new with modern amenities that added to the comfort. The staff went above and beyond—they were friendly, helpful, and even accommodated my request for a late checkout without any hassle. It’s clear this place values guest satisfaction. With its convenient access to dining, shopping, and public transport, I’d definitely recommend this hotel for both business and leisure travelers. A truly enjoyable stay from start to finish.
The Larwill Studio Melbourne - Art Series
Staying at The Larwill Studio Melbourne - Art Series was an absolute delight. Just a short 1-kilometer walk from the city center, it's incredibly convenient—right outside the door is a free tram stop, making getting around town effortless. The hotel sits right next to a peaceful park, so you're surrounded by greenery and quiet throughout your stay. The room itself is beautifully designed with artistic flair, offering a unique and inspiring atmosphere. Everything about this place feels thoughtfully curated—from the ambiance to the attention to detail. It’s not just a place to sleep; it’s a true experience. I’d highly recommend this spot to anyone visiting Melbourne, especially those who appreciate art, comfort, and a great location.
Vibe Hotel Melbourne
Staying at Vibe Hotel Melbourne was an absolute highlight of my trip to Melbourne! I’d definitely book here again on my next visit. The staff were incredibly friendly and welcoming from check-in to check-out. Despite being on a higher floor, the room was surprisingly quiet—no train noise at all, which was a pleasant surprise. The view from the window was stunning, offering great cityscape glimpses, and the room itself felt spacious and thoughtfully designed. The bathroom was clean, modern, and well-equipped. Common areas are stylish and comfortable, adding to the overall vibe. Even though I can't share a video, I took a few photos that really capture the charm of the space. If you're looking for a great balance between comfort, location, and value, this hotel is a top choice. Highly recommend!
Q Squared Serviced Apartments
My wife and I have stayed here twice now, and it’s truly become our home away from home. A huge thank you to Warren, Reece, and the entire housekeeping team for your warm hospitality and exceptional service—every detail made us feel welcome. The location is perfect: close enough to explore the city on foot, yet quiet and peaceful just outside the bustling core. Within a 10-minute walk, you’ll find plenty of restaurants and several hotels, making it easy to enjoy Melbourne without the hassle of traffic or long commutes. With its clean, modern rooms, friendly staff, and unbeatable convenience, this is absolutely the only place we’ll stay whenever we return to Melbourne.
Crest on Park
The Crest on Park apartments were spotless and well-maintained, with a clean, tidy feel throughout. The room was spacious and thoughtfully designed—really comfortable for our stay. Check-in was a bit tricky, but we understand it might have been a system hiccup rather than staff issue. Location is excellent—just a short walk to cafes, restaurants, and shopping spots. We easily caught the tram into the city center. Despite the minor check-in hassle, the overall experience was fantastic. Highly recommend this property for travelers looking for comfort, convenience, and great value.
All on Flinders
The All on Flinders Hotel exceeded all my expectations. From the moment I walked in, the place felt fresh, spacious, and impeccably clean—every corner was well-maintained and thoughtfully designed. The staff were welcoming and helpful without being intrusive, making the entire stay feel seamless. Its location is unbeatable; just a short walk from major attractions and public transit, which made exploring Melbourne so convenient. I loved the modern yet cozy vibe of the rooms, and the attention to detail truly sets this hotel apart. Without a doubt, I’ll be booking here again on my next visit to Melbourne.
Atlantis Hotel Melbourne
Staying at this hotel was an absolute breeze—right next to the SkyBus stop that takes you straight to the airport in just about 30 minutes. That alone makes it a top pick for business travelers who need quick and easy access. The Southern Cross train station is literally steps away, making it super convenient to explore Melbourne and beyond. There’s also a wide variety of dining options right outside, so whether you’re craving local Aussie flavors or international cuisine, you won’t be disappointed. The room was clean, comfortable, and well-maintained, with friendly staff who went the extra mile. It’s rare to find such a great balance of location, convenience, and value—all in one place. If you're visiting Melbourne for work or leisure, this is definitely a go-to choice.
Brady Hotels Central Melbourne
Staying at Brady Hotels Central Melbourne was an excellent experience overall. I really appreciated being able to store my luggage a day in advance—super convenient, especially with tight travel plans. The hotel facilities are well-maintained and the room itself was much larger than I expected, offering great space and comfort. The staff were incredibly friendly and helpful throughout my stay—always smiling and ready to assist. Location-wise, it’s unbeatable: right in the heart of Melbourne, just steps away from major attractions, shopping, and public transit. The only minor downside is that the partnered parking lot is a bit of a walk away, but that didn’t detract much from the overall experience. For the location, service, and value, I’d definitely book again.
Mercure Melbourne Therry Street
I stayed at Mercure Melbourne Therry Street for nine nights and couldn’t be happier with the experience. Having previously enjoyed stays at Mercure properties in Indonesia, I chose this Melbourne location based on trust and comfort. The room was spotless, well-maintained, and offered all essential amenities without feeling overcrowded. What stood out most was the peaceful atmosphere—very quiet at night, which made for excellent sleep quality. The hot water system worked perfectly, and the air conditioning provided consistent comfort whether cooling or heating. Located just steps from the train station, getting around Melbourne was incredibly easy and efficient. I appreciated the convenience of public transport right outside the door. Service was friendly and professional, and the overall value for money was outstanding. I’ll definitely be returning here on my next visit to Melbourne—highly recommend!
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