The location is plainly amazing! Everything was close, a lot of (not so cheap though) restaurants around the place, all the main sights. It was a little bit noisy sometimes, since just outside the window there is Galata tower that attracts a lot of tourists. I think this place is perfect for warm periods, though it was rather cold in February despite the heating that worked well. We spent a nice family vacation of 6 people there, overall I would recommend the place. Just the location was worth the money.