Prestige Hotel is located in Laleli-Beyazit, the old city part of Istanbul. It is one of the first hotels in Istanbul, old city and has been operated since 1989. Besides being one of the oldest districts of Istanbul, Laleli is also famous for its quality branded textile shops of any kind from clothes to home decoration. At Beyazit, there is the oldest university of Turkey, Istanbul University which is built on 1453 by Mehmed the Conqueror. (Fatih Sultan Mehmet) Laleli-Beyazit area is also very close to Sultanahmet, Grand Bazaar, Cemberlitas, Topkapi Museum, Basilica Cistern, Hagia Sophia Museum and many other historical attractions.