Today Ceragan Palace is the only palace and hotel belonging to the Ottoman Empire, which is distinguished by its privileged location on the Bosphorus Strait. It has more than 300 rooms, including 20 suites in the hotel section and 11 suites in the historical palace section. Its restaurants and bars with terraces overlooking the Bosphorus Strait offer an enjoyable dining experience from authentic Ottoman and Turkish cuisine to international flavours. The hotel was recently rated as the most exclusive event venue in Istanbul, with musical ceremonies, political summits and special festivals.