Location is superb and the staff is wonderful! They are doing everything they can to make up for the shortcomings of the ownership. It would appear that there is no need for repeat business and that is the feel I got from the 3 night stay. At arrival I found the bathroom unclean - so I cleaned it - the body towel was totally frayed and looked like something I would use to mop the floors with. The shower door was broken and only hanging on the upper rollers letting the water spray around, Ferdo Mravenec with the family also lives in the bathroom. I reserved a standard double room - but since I was alone, they only made up half of the bed and left half of it a bare mattress (which didn’t look that fresh)!! Absolutely ridiculous! So I asked for the other spreadsheet and did it myself. Mini-fridge was dirty and had something dark spilled in it.
Since my room faced the courtyard, every night around midnight I heard the staff from the restaurant next door leaving/yelling - since their back door leads into the courtyard and then banging and shouting at 5am when they were coming in. I understand the noise in a city as I live in a very busy city as well, and Prague is a relatively quiet city, but this was hard to ingnore.
Overall, regardless of the location it is not worth it. There are many other places, in the same and nearby neighborhoods, that I will book next time as I come to Prague almost every year…