This was the 3rd or 4th time I've stayed at this hotel - that speaks for itself.
Honestly, not a very luxurious establishment, but in terms of value for money and location, you really can't beat it - hence my fairly regular stays there.
Rooms are basic but comfortable and clean.
They are currently redecorating which will make a difference.
WiFi is great, staff are very good and, based on how little time I actually spend in a hotel, it suits my needs very well.
Location is hard to beat - 2 minute walk to Charles Bridge, 10 minutes to the main square and surrounded by restuarants and bars.
If you need to be in central Prague (i.e. by the Old Town) for business and might have some time to take in the sights, this is a great option.