We arrived in Prage by bus from the airport and left by train to Berlin so the hotel was perfectly located for us! Train Station is really close so we only had to walk for about 5min to get to the hotel. Walking distance to Old Town and the Old Town Square which is about 5-10min, same goes for (Voclaw) The main shopping street.
Hotel itself is a bit run down, rooms were not very nicely decorated and there was some dirt on one of the towels. But nothing too bad, I guess you get what you expect from a 2 star hotel.
Breakfast buffet was a bit poor and they didn't have too much to choose from (although they did have really nice bread buns). As a vegetarian I would have appriciated some more vegetables and a better selection of cheese and müsli... But overall it was ok, I didn't have to leave the breakfast room hungry :-)
We lived on the first floor and had no trouble with the wifi.
One thing you probably should be aware of is that the trams run on the street outside all night long. We had a room on the first floor facing the street so the trams would pass just a few meters away and you could here them all night. This was not a problem for us, we just found it cosy to hear the city sounds, and we had no trouble sleeping. However if you're not a heavy sleeper you should probably ask for a room on the top floors or one that's not facing the street.