Vibe Savoy Hotel Melbourne has relaunched as The Savoy Hotel on Little Collins, following a multi-million-dollar refurbishment.

Design firm Woods Bagot has transformed the property, paying tribute to the Art Deco era of the original Hotel Alexander built on the site in 1928.

Part of the TFE Hotels Collection brand, The Savoy Hotel on Little Collins now boasts a refreshed look across its 163 rooms and meeting spaces.

TFE Hotels chairman Allan Vidor said the hotel’s relaunch is the “most exciting unveil of the year”.

“This hotel has such a wonderful story, in its history, and in its place in the Melbourne psyche – which makes it a perfect fit for the TFE Hotels Collection brand,” he said.

“This magnificent hotel will reclaim its position as a grand hotel of Melbourne, as it was when it opened in 1928.”

The new-look lobby creates an inviting sense of arrival with warm timbers, smoked mirror and brass elements complemented by soft furnishings and colourful custom rugs.

The refreshed Boardroom  offers an elegant space for a private dining experiences or business meetings, while the original ballroom can host cocktail events of up to 200 guests.

The restaurant on level two of the hotel has also been updated with new interiors.

Woods Bagot senior associate Sarah Alessi said the team took inspiration from the hotel’s history for the redesign.

“The contemporary aesthetic of this design enhances the heritage of the building, while retaining a truth and authenticity relevant to its history,” she said.

“Drawing on elements of the Art Deco period, the space is bold and confident and the design detailing references that of the era.”