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Vault Karakoy, The House Hotel 4.5

Istanbul, Turkey

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Review Summary

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  • Luxury boutique situated in sophisticated former bank building
  • Centrally located in Karaköy, a short walk to Galata Bridge 
  • Sophisticated rooms with parquet floors and marble bathrooms
  • Amenities include minibars, Julius Meinl coffee machines, and iPod docks
  • Classy on-site restaurant serving modern Turkish cuisine
  • Lobby bar built into old bank vault and chic rooftop bar with views 
  • Spa with sauna, steam room, and treatment rooms, plus Turkish hammam
  • Exceptional breakfast buffet and 24-hour room service
  • Gym with modern equiptment
  • Free Wi-Fi throughout and meeting rooms for up to 40 people
  • Baby-friendly amenities like strollers, car seats, and baby baths
  • Concierge service 


  • Not situated in popular tourist area of Old City (pro for some)
  • Entry-level rooms may feel small
  • Breakfast incurs extra fee
  • No pool

Bottom Line

The 63-room Vault Karakoy is a luxury boutique hotel situated in a former bank. It has a chic restaurant and lobby bar in addition to a rooftop bar with views of the Old City and Golden Horn. There's also a spa with a beautiful white marble Turkish hammam, sauna, steam room, and treatment rooms for massages and facials, but the property lacks a pool. Rooms are sophisticated and stylish, featuring parquet floors, marble bathrooms, goose-down duvets, and modern amenities like minibars, Julius Meinl coffee machines, iPod docks, and free Wi-Fi. Travelers on the market for luxury may also want to consider the nearby 10 Karakoy A Morgans Original, which offers similar amenities.

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Luxury boutique hotel situated in beautiful former bank building

The aptly named Vault Karakoy hotel is situated in a mid-1800s bank building with a beautiful neoclassical facade. The boutique House Hotel group refurbished the structure, transforming it into a luxury hotel while keeping original architectural structures and even a few artifacts. The hotel features original marble surfaces, inlaid granite flooring, and arched doorways. Several rooms are built directly into old bank vaults and a historic elevator is still in working order. The lobby pairs high molded ceilings with neoclassical marble columns, beautiful inlaid flooring, and wrought-iron chandeliers. Sophisticated upholstered armchairs bring warmth, while antiques from the old bank, such as counting machines, add vintage charm. This is a popular choice among luxury travelers and tourists, including couples and families. 


Conveniently located in Karaköy, with access to both sides of the city

This bank-turned-hotel is appropriately situated along Bankalar Caddesi (The Avenue of Banks) in the popular Karaköy area. While slightly removed from the city's main tourists areas, this former financial district is now full of shops, restaurants, hotels, and galleries. Situated on the European side of the city, the spot offers easy access to the Asian side as well, either on foot or via public transportation. The hotel is just a four-minute walk from the waterfront and the Galata bridge, and the Karakoy light rail, railway, and ferry stops are all about a five-minute walk from the hotel. The popular Galata Tower is just a five-minute walk away, while the hip Beyoğlu area and the popular Istiklal Caddesi shopping street can be reached in about 20 minutes on foot. The city's main historical attractions are in the Old City, and though Sultanahmet Square is a bit far to reach on foot, it's only about 10 minutes via public transport. The Spice Bazaar is about a 15-minute walk across the bridge. Ataturk Airport is around a 20-minute drive, without traffic.


Sophisticated rooms with parquet floors, marble bathrooms, and goose-down duvets

Rooms are thoughtfully decorated with homey yet sophisticated contemporary furnishings and a neutral color palette. They feature high ceilings, beautiful parquet floors, soft taupe carpets and upholstery, wood furniture, floor-to-ceiling drapes, and cream-colored walls. The details add charm -- elegant stenciled ceilings, original radiators, and framed artwork on walls and on floating shelves. Beds feature goose-down duvets and pillows. Rooms have wooden desks and luggage stands and some have green or blue upholstered armchairs or couches. Bathrooms can be quite spacious and feature luxurious green Carrara marble floors and rainfall showers (not tubs). 

In-room amenities include LCD TVs, iPod docks, safes, and free Wi-Fi. They also come stocked with snacks, minibars, free mineral water, and Julius Meinl coffee machines. Bathrooms include robes and slippers and free individual toiletries. ACs are individually controlled. While the entry-level Classic King Room is a little tight at 215 square feet, Deluxe Rooms measure at least 300 square feet. The largest Penthouse Suite is nearly 900 square feet and has views of the Golden Horn and Old City. Upgraded rooms may include extras like fireplaces or balconies. Room service is available 24-hours. 


Turkish restaurant, rooftop bar, spa with white marble hammam and gym, and 24-hour room service

This property has the amenities guests expect from a top-tier hotel. Guests tend to enjoy the classy-casual on-site restaurant, Kasa Lokanta, which offers modern Turkish and international cuisine. Guests rave in particular about the breakfast (for an extra fee), which includes an extensive buffet as well as a menu of cooked-to-order eggs. The hotel has a lobby bar in addition to a rooftop bar, which offers lovely views of the city and Golden Horn.

The on-site spa includes a chic white marble Turkish hammam, a relaxation room, a sauna, steam rooms, and treatment rooms where massages and facials are offered. There's also a small but nice and well equipped fitness center with modern cardio equipment and weightlifting machines as well as free weights and kettlebells. Private or group yoga classes can be arranged. There is no pool.

The hotel has several meeting rooms, including one situated in the vault of the original bank. These meeting rooms can host up to 40 people. Wi-Fi is free throughout. The hotel has its own curator, who chooses artwork for the common areas. For guests traveling with infants, there are car seats, strollers, and baby baths. Childcare can also be arranged. Vault Karakoy offers concierge services as well as 24-hour room service. 

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Bankalar Caddesi No. 5, Istanbul 34421, Turkey

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