This is a grand old hotel, fairly recently renovated, comfortable, modern and well-equipped. It's situated at the bus station/railway station end of the town, at the opening of the valley that culminates in the Grand Hotel Pupp at the other end of town. But although this is the less pretty part of Karlovy Vary it's actually better served in terms of shops and good restaurants rather than tourist restaurants.
Rooms are generally large, though mine, uncharacteristically, was not, since it was situated behind the lift.
Service is only slightly dowdier than I would expect and the breakfast room is a tiny bit depressing but overall this is a good value hotel redolent of the splendours of Karlovy Vary in its heyday. I would return.