Do I have your attention Strayer?
The Albany was a 'boutique hotel' in Toorak Road, South Yarra. Boutique hotel seems to be a coded pair of words for a lovely exterior with some really nice historic internal decoration, possibly nice bedding and linen, but substandard bathrooms, lots of creaking floorboards, draughts at the windows and noise travelling from one room to another. I expect The Albany fitted this standard.
Here it is some years ago when it had closed and was about to undergo renovation. I have an older photo of the hotel when it was open, but my filing system is not being cooperative.
This was attached to the hotel, offering more modern accommodation with its either ivy or ficus covered exterior.
The original building was beautifully restored but aside from knowing it is no longer a hotel, I don't know of its current purpose.
The adjoining 1960s building along Milswyn Street was demolished and this new apartment building rose from its ashes. One bedroom apartment, AU$500,000, close to US$360,000, €304,000, GB£275,000. A fairly standard price for a modern one bedroom in the area.