I stayed here with my boyfriend, to take advantage of the Christmas Markets (2nd December).
Location - Fall out of the hotel and you are just around the corner from the main Old Town Square, which was amazingly convenient. Taxi from the airport was around £18 which seemed a bit steep, but was very convenient and took around 15 minutes, so a fair price I guess.
Our room was large, the bed was comfy and large, everything was clean. Admittedly, the fixtures and fittings and decor were dated and nothing matched each other (for example, we had 5 different lamps, none of them matching!), and the wallpaper although posh was falling off in places - but somehow, it just added to the querkiness and character of the hotel.
We were in Room 1 - ground floor, backing onto the cute courtyard. This is great in winter, but would have to say in the summer you'd probably not be too happy as your bedroom window would have people sitting outside in the sunshine just inches away from you, so that would be noisy - but in winter nobody is sitting around outside!
The staff were accommodating, smiley and friendly. We had an issue at check-in whereby the booking company had not told the hotel we did not want breakfast, so hotel tried to charge us - but was resolved once we provided proof on our booking, so it wasn't a problem. The staff kindly looked after our bags after we checked out too, so they were willing to help.
Would I stay here again - absolutely! Reasonable price, good location, room fit for purpose, staff helpful. Its not 5 star, but it doesn't claim to be, so thats fine. I had a FABULOUS time in Prague, and would recommend it to all.
Room Tip: In summer, avoid the courtyard, expect it would be noisy.
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This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC