The first building on the site where the CVK Park Bosphorus Hotel Istanbul now stands was built at the end of the 19th century by Italian Ambassador Baron Blanc as an embassy building. The mansion, which was later bought by Abdülhamid II. (1876-1909), was given to the Minister for Foreign Affairs Tevfik Pasha, who afterwards transformed the Italian Embassy into the Mansion of External Affairs. Then, the Swedish wife of Tevfik Pasha, Elisabeth Tschumi suggested converting the mansion into a hotel. This hotel, initially called "Miramare" became the famous "Park Hotel" of Istanbul under the management of Aram Hıdır, after changing hands a couple of times. “Park Hotel” was known for its social events and as one the most luxurious accommodations for many years.

The present
Today, the CVK Park Bosphorus Hotel Istanbul reflects the essence of Ottoman architecture,blending modern and classical approaches. Each floor is named after one of the Sultanas who left a significant impact on the Ottoman Empire and costumes designed to reflect each of their periods are exhibited in their corridors.