I stayed at this hotel three nights now in March 2017, and the grades in this review are set in the context of the extremely low price. Sure, it was in the middle of the week but still 80 dollars for three nights including breakfast and wi-fi, is hard to beat. The hotel is not in the exact center as if you would want to live at the Vaclav Square, but Andel Metro is only 200 meters away from the hotel. Three stations and you are in the absolute center of Prague. There is also a bit shopping mall close to the hotel, near the Andel Metro, and many restaurants, as well as in whole Prague.
However, the hotel is next to a road, and I was unfortunate to get a room in that side of the hotel. Even at night it can be quite nosiy if a car drives by. It is a problem that is easily resolved with earplugs, but still. The room was also very small but had notthing to complain on really and if you just want a place to sleep in for a very good price, this is not a bad choice at all.