Istanbul, TurkeyKarakoy
The Galata Hotel Istanbul - MGallery Collection
Neoclassical banking house
Karakoy Istanbul, Turkey
Opened
2018
Price
$$
Rated for
Heritage Wellness DesignOutside the door
The house
AccorNeoclassical banking house
This 1830s Ottoman banking headquarters keeps its original vault doors in the lobby and connects to a 1720s domed hammam.
What it’s good at
Notable
An 1836 neoclassical Ottoman bank with original vault doors and safe deposit boxes.
Listed
Mashrabiya-inspired wooden shutters and art deco leather headboards detail the high-ceilinged rooms.
What they say
Michelin Selected
Michelin
Also in Condé Nast Traveler.
The 1836 Ottoman landmark known as Baltazzi Han is one of Galata’s most famous neoclassical buildings, and after a storied life… it’s been restored, renovated and repurposed as a luxury boutique hotel.
In a lively part of town
Where things happen: restaurants, shops, people.
Galata Tower stands a short stroll uphill, and Karakoy's waterfront along the Golden Horn sits just below.
1 of 6
The rooms
High-ceilinged rooms feature vintage ceiling frescoes, art deco leather headboards, and marble bathrooms overlooking historic Galata.
The hammam
Ocular skylights illuminate carved marble basins in the historic bathhouse, which connects to a sauna and steam room.
The spa
Timber balconies overlook an indoor courtyard fountain, and private suites host sea salt scrubs and deep-tissue bodywork.
The gym
Elliptical trainers and multi-station cable equipment outfit the fitness room for strength and cardio workouts.
At the table
Rooftop tables look out toward Golden Horn minarets at sunset, and the downstairs dining room serves evening meze.
Modern takes on traditional Turkish architecture can be found throughout the property; windows are adorned with mashrabiya-inspired wooden shutters and hammam-style marble bathrooms.
How it began

The Baltazzi family built this neoclassical hall in 1836, housing international banks on Bankalar Caddesi for over a century.
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Our shorthand
How we rate hotels.
The medals
Gold
Extremely rare. Sets the global standard.
Silver
Brilliant execution. And we’re picky.
Bronze
They did this well. You’ll notice.
Listed
A defining trait. Makes the hotel what it is.
The eight vibes
Design
Built around a vision. Even the door handles have a designer.
Luxe
Cared for at every turn. The bath is drawn before you ask.
Local
It could only be here. You wake up knowing where you are.
Social
Where the city goes out. The bar is full and the night is young.
Heritage
A building with a story. Once a palace, a monastery, a station.
Wellness
You leave feeling new. Rest, sweat, soak and sleep like a stone.
Classic
The city grew up with it. Same rituals, same regulars, same bar.
Resort
A world of its own. Something to do from breakfast to nightcap.
The scene
Lively
Where things happen: restaurants, shops, people.
Central
Well-located: walkable to some things, a short ride to more.
Quiet
Away from the crowds. Getting around takes intention.
Secluded
A place apart: the property is the destination.