Just had a stay there last week:
Conclusion
I really wanted to like this place. The location is pretty good for widespread Istanbul – you can walk to Taksim and Harbiye (Macka) areas easily.
It also has a very well equipped gym and nice swimming pool.
However the hardware is old and creaking and the service staff lacks the abilitiy and commitment to make up for that. It's an ok hotel but certainly does not feel luxurious. I would not come back.
Room rates started at $250 at the time of my stay.
More pictures and commentary at:
http://www.mightytravels.com/1323275...l_istanbul.php