Istanbul Palace Hotel is located in an ideal location; close to Bayasit (Grand Bazaar), Fatih Mosque and not too far from Sultan Ahmet Square. I like to spend time at these places so, the location was ideal for me. Getting around is also very easy as both Laleli Tram and Metro are a few minutes walk. I booked a budget room. I only come to hotel room late at night and leave as soon as I am awake, so having a small room with no window, TV and Fridge not working did not bother me much. However, if it will, you should book a better room at this hotel. I will definitely book this hotel again if I am in Istanbul.