The Royal Court Hotel was a great hotel for a good price. Our room was clean, nice, and the hotel staff was very accommodating. Upon check-in, we were given tour guides, a city map, and a map with nearby restaurants. The hotel is only a short walk from a metro/tram station and it takes about 20 minutes total to get into the city center. Also, the included breakfast in the morning was great for a free hotel breakfast and consisted of eggs, toast, sausage, yogurt, and many other local breakfast items that I did not recognize completely.
Overall, I would recommend staying at the Royal Court Hotel in Prague. The only negative thing we experience was a loud group of people in the rooms next door for 2 nights, but other than that there were only positives.