We were choosing between this and the Four Seasons in the old town. We picked this because of the water view and weren't disappointed; the views are spectacular. This doesn't have the character of the Four Seasons (it's a bit generic), but the location can't be beat. Service was excellent, our rooms were spacious and well appointed. We didn't dine at the hotel other than breakfast, but that was excellent. Traffic is terrible in Istanbul,. so it can be a long drive from the hotel to the old city.