While it isn't in that area, all of the hotels near Taksim are very nice too....Ritz Carlton, Intercontinental, Sofitel, Conrad...you will have to take a cab, but they are all lovely and much better priced than the Four Seasons, which we understand is outstanding for style, service and location. We paid $225 per night for a club room at the Ritz (water view, breakfast, lunch, afternoon snack, hors d'hoevres, dessert (after dinner). There was so much food, we didn't have to go out to eat. It covered the cost of a taxi! It was lovely. Everyone I spoke with loved their hotels. Istanbul has a very high quality of service and amenities.