The property’s owner, Eureka Funds Management, confirmed plans to close the hotel on 14 October for a multi-million dollar upgrade.
Constructed in 1891, Rialto Hotel on Collins consists of two heritage buildings.
“The Rialto and Winfield buildings were designed and built when Melbourne was the richest city in the world and, even before purchasing the site in 2004, we saw its potential to once again become one of the world’s great hotels,” said Eureka fund manager, Nigel Greenaway.
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