Great if you want a cheap hotel to use as a base for going out into Prague. Just on the border of old and new town meant you weren't too far away from most of the main sights in Prague. Hotel was clean and comfortable with friendly helpful staff. It was great for us, mainly used as a place to wash, dress and sleep.
We spent a great deal of time out of the the hotel seeing Prague but the facilities although basic could not be faulted for what we needed them for. Don't expect five star but the kitchenette was clean and well equipped with everything you would need to whip up a quick meal. Bathroom was clean and very usable, great shower.
My only gripe would be that the bed was a little firm for my taste but I still slept well enough. As for everything else, it could not be faulted for the price. (Well maybe the TV, the only channel in English was CNN and there is only so much US news I can watch, haha.)