I stayed here for two nights, while visiting Prague. If you are coming from the train station it is about a ten minute walk. The location is decent, reasonably priced for the area, being that you are just pass the Praha 1, where prices can be much more expensive. It is about a 5-10 minute walk to Wenceslas Square where there are many shops and stands. Prague is a walkable city, and from here it is no more than a half hour to most of the popular places throughout downtown.
The hotel is basic, but clean. The room was not cramped, but not spacious either. If you are traveling in summer be warned that the room did not have air conditioning and thus it was quite hot at night. There was free wifi in the lobby and an adequate breakfast free of charge. The hosts were not overly welcoming, but that is not to say that they were rude. Simply put they did not go above necessary the regular pleasantries.
There are a few local restaurants a short walk from the hotel, mostly on the way to Wenceslas Square, a few blocks off the main roads you can find excellent food at good price, approximately 700-1000kc for a meal and drinks. Be careful not to overpay in other parts of the city, especially in the crowded areas where, if you have never been to prague before and are from a western european or the US prices may seem cheap, but in reality they are still quite expensive. The best way I learned to deal with this is to look at the menu prices for beer posted outside, conservatively speaking if the beer is priced at about 35-80kc then I would that is a reasonably well priced restaurant.
Overall this place was a comfortable stay that didn't break the bank.
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