Since Galata has the privilege of being a harbour, is quarter as
old as the history of Istanbul. Being a junction between east and the west, it
has always been a vital point of economic
movements throughout all history. Kamondo family was among the most
distinguished bankers, those who centered in the economic structure of Galata.
Felek Han is one of the investments of Kamondo Family whose
richness, in their times, was compatible with European bankers such as
Rotschild's or Hirsch's. Magnificent Kamondo Stairs of Kamondo's who had a great
emphasis on the social life of the Ottoman Empire's last period, is well known
by everyone. Kamondo stairs which is one of the roads to Galata Residence Apart
Hotel's, was built in order to facilitate Family's life, after the birth of Mois
de Kamondo, the fifth generation of the family.
By the end of the century, the building was rented by Aliens
Izraelit Universel to be used as a school. Felek Han which is altered to blocks
from wood in 1882, was designed and structured by Gabriel Tedesch, an architect
of the period. By the end of the century, the building was rented by
"Aliens Izraelit Universel" to be used as a school. Later under the
name of "Galata Residence Apart Hotel".