It is indeed close to Taksim Square. Everything a tourist would need is a few minutes walk away eg Restuarants, all forms of transport, places of interest etc. The venue itself was generally good. The issues we had were the "magnificent Turkish breakfast". Dried out chicken nuggets, french fries and spring rolls was not what we considered magnificent or even Turkish. The floor under beds had not been cleaned recently. The noise was also at times bothersome. But that can be considered as a small price to pay for being so close to Taksim. It is a busy part of Istanbul. So if its the great, convenient location you're after and the smaller little issues are of lesser concern, then this an ideal place to stay.