This 19th-century Ottoman palace (pronounced chi-rahn) is Istanbul's most luxurious hotel. There are two buildings: the older palace and a newer addition. The ornate public spaces feel absolutely decadent and the setting, right on the Bosphorus, is breathtaking; the outdoor infinity pool seems to hover on the water's edge. Rooms have Ottoman-inspired wood furnishings and textiles in warm colors; all have balconies, and the views on the Bosphorus side are exceptional (rooms on the other side look out on a park and busy road). Most lodgings are in the new wing, though there are 11 suites in the palace, including the EUR 25,000 per night Sultan's Suite—start saving now. Pros: incredible location, service, degree of luxury. Cons: exorbitant price of food and drinks.
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