The hotel was good for couple of days. However the room which was 2euros more expensive had much better bathroom. My bathroom was shared with other room (luckily there was nobody) and it hasn't been renovated for a long time.
You should have a reservation for the parking place (even if you buy a room with parking free place).
There is great connection to the old town by tram, it takes only 8 mins. You can also go there on foot (25 mins).

We went on our honey moon to this hotel. when we bought the trip from the travel agency we required a double room with it's own shower and toilet.
We arrived in at the hotel at about 10 AM and we wanted to check-in. the receptionist said that we can check in only at 2 PM and if we wanted to check in at that hour we have to pay for an extra night. we refused to pay anything extra, left our luggage in the luggage room and went visiting the suroundings until 2 PM. when we returned we checked in and received a room at the 9 floor (the last one). when we entered in the room we saw that there were actually 2 rooms with a shared lobby, wardrobe, toilet and shower. we called our travel agency and asked them to confirm us that we were intitled to receive a double room with it's own toiled and shower. the agency confirmed this and said that they will contact their Czech parteners. after that we went to the receptionist and required him another room with it's own toilet and shower. he said that in the whole hotel there are no rooms with their own toilets and showers. we said thar we do not belive him and reqiured to speak with his superior. he said that there are "superior" rooms in the hotel but that we need to pay an extra 2000 czech crowns for them. we replied that we have already paid for such rooms at the travel agency and again reqested to speak to his manager. he called an his manager and we explained again the situation to him. he said that he received a phone call from the czech partener of our travel agency and that we can have a room with its own toilet and shower. then he gave us the key from another 9 floor room. we went to the room an discovered that it vas next to the previous room. it had its own shower and toilet but at the toilet it smelled very nasty.
there were mold in the toilet and i belive they had problems with the ventilation.

On the bottom line i do not belive that the hotel deserves 3 stars and i DO NOT recomand you to stay in.

PS: I have photos of the room but i am unable lo upload them because of an error

I spent about 10 nights at this hotel while looking for a flat in Prague and at some point I felt like at home. The atmosphere in the lobby is very nice and the majority of the stuff is very professional and cordial. It might not look nice from the outside but some of the rooms are in my opinion superb considering the price you pay. I had to change room 2 times (my fault, I was booking day by day) and while some rooms were excellent, some others (I'm guessing the ones in the older part of the hotel, maybe the higher floors?) were a bit run down and old but still clean and cheap. Breakfast could be improved with some fruit, while hairdryer would be very useful in rooms. The location is good, it is not really in the centre but it is well served by trams that go into the centre.

Hotel not located in city centre but right outside is the Tram stop (Number 9) only three stops away from central Prague. The Hotel looks like something of a communist throw back but it is basic, clean and safe. The reception staff in the main speak English but can be slow in serving but I suppose you get what you pay for.