My girlfriend and I passed 4 nights in this hotel.
It's a simple but confortable one, clean, and very very well located, 2 minutes walk from Hagia Sophia, that you can see from the terrace where the breakfast is served. You have also an unique view on the Marmara see.
This hotel is little (10 rooms) and so you can meet the manager very easily, in fact he is ALWAYS here, anytime you arrive. And he is very friendly, gives good advices (gives the name of good places, not the name of places where he has friends or a cousin).
In fact, you have more the impression to be in a kind of guesthouse.
I would say that if you look for a place not too expensive, the peninsula is very good for value.
Unique Qualities: - Location.
- The staff, who is very kind.
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Theme: Hotel
Comparison: less expensive than average
Prices: US$40-80
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Address: 6 Adliye sokak.
Directions: Under Hagia Sophia, just close to the Four Seasons hotel.
Website: http://www.hotelpeninsula.com/