Bank Street in which the hotel is situated is not just any street, Vaivoda Street as it was and is still officially called, has always played a central role in the life of the district of Galata.
Originally a thoroughfare within the inner walls of Galata, its importance is attested as early as the fourteenth century by the presence of the Palazzo del Comune, the Genoese town hall and by the Piazza, the market place of the Genoese town.
In Ottoman times, until 1682, it preserved its importance thanks to the survival of the half autonomous Genoese community, the Magnifica Comunita di Peyra, in parallel with the development of European Merchant communities whose warehouses were conveniently located in the same area and to the establishment of some local units of the Ottoman administration.
Thus, it was the office and probably the residence of the police chief of Galata the Vaivoda that eventually gave the street its name, while the court of Galata was located just a street below, on Mahkeme (Court) Street. The existence and centrality of the street is attested by the famous seventeenth century Ottoman traveler Evliya Çelebi.
During the second half of the 17th century, the street which was named by Evliya Çelebi as ' The Road of Vaivode' had become the financial and business hub of not only İstanbul but also of the entire Ottoman Empire.
During this period, Vaivode Street had become the centre of attraction for bankers and banks, amongst the people it was known as 'The Street of Bankers'.
Italian architect Antonie Tedeshi, where he practiced his profession as an architect.
Sümerbank Building is the only building left as his artifact. This construction is the building of the 'Credit General Ottoman/Deutsche Bank/Sümerbank', believed to be built around the 1889's, at the address of Bankalar Caddesi No 5, Karakoy.
THE BANK HOTEL İSTANBUL
The building is designed by Antoine Tedeschi in the style of neo-renaissance. The Bank Hotel Istanbul is one of the typical examples of the eclectic architectural style of the 19th century, with its historic buildings.
The hotel building was purchased by Yilmaz Ulusoy Holding in 2010 and started a brand-new spring in its story. Yilmaz Ulusoy's took the first step to restore and transform the building into a hotel with a respectful approach to history and nature at the highest level.
After the purchase of the building by Yilmaz Ulusoy Holding in 2010, The Bank Hotel Istanbul emerged as a result of the restoration initiated by architect Mimar Khan Tümertekin, preserving the historical texture of the building, which was restored with the principle of repairing the original without damaging the artistic value.