The Nazi flag was openly flown from the famous Armenian-owned Tokatliyan Hotel

Professor Stanford J. Shaw, The Jews of the Ottoman Empire and the Turkish Republic, New York University Press, New York (1991).

Page 254:

"During the 1930s, in reaction to Nazi propaganda, as had been the case in the Ottoman Empire during the nineteenth and early twentieth centuries, it was not so much Turkish Muslims but, rather, Christians, who persisted in their anti-Semitic attitudes and activities. In 1938, when it appeared increasingly that the 'New Order' might dominate Europe, the Nazi flag was openly flown from the famous Armenian-owned Tokatliyan Hotel. The resulting Jewish-organized boycott of the hotel was supported by most Turks and condoned by the government, though opposed by Nazi sympathizer Yunus Nadi in his newspaper Cumhuriyet,.."