You need to be careful finding a hotel near the tourists area. Saw some really dumpy places most would not want to stay in. This is a very old area & doubtful there would be an elevator in most. Check out the one Lily posted. The Galata & Beyaglou areas are nicer & not far from old Istanbul. Would think you could walk from there to the Grand Bazaar. There's a sultans palace within walking distance from there. Should be on the list if you are there more than a few days. You want to see a 5 star to compare? www.kempinski.com Its next door to one of the 4 seasons. (Find Ciragen Palace) Can't link it now.