This penthouse apartment in the Orion Hotel made me very happy! The view is just awesome - OK, it's not the view from the castle but it's darn good! The Terrace is very large and the gazebo type structure that the outdoor table was in made it feel very cozy in-spite of being the equivalent of the 7th floor (u.s. height) The plants on the terrace made it feel less like a hotel and more like an apartment. Being at the top of the building made it very sunny. there are many large windows. In the afternoon it gets a bit hot and I would advise someone to leave a couple of windows ajar when leaving for the day (as long as no rain is in the forecast)...
The hotel is old school. There is a classic style front desk and it felt quaint to leave the key when I left and pick it up on return. The front desk is also a great resource in arranging transport, changing money, selling transit passes, doing a little laundry, and having a supply of necessities (drinks snacks toiletries etc) for sale. The beds were some of the most comfortable (beautifully firm) that I have ever slept on in a hotel.
A short block from the hotel is a circle that is literally loaded with restaurant/pubs. Even a very upscale restaurant (Veni Vidi Vici) that was wonderful. I recommend the chicken steak at Zanzibar. It was some of the best prepared chicken I have ever eaten. Late night diners should note that the restaurant/pubs close the kitchen earlier than the bar. about 30 meters past the circle is a little convenience store for any necessity the front desk doesn't have. the hotel also serves an incredible breakfast in the morning.
Two blocks past the circle is Namesti Miru. Not only is this a beautiful park and church but also a transit hub. It has many tram lines passing thru and a station for the green line of the subway. My phones GPS kept telling me to start by going 2 blocks the other way from the hotel to catch a tram but I think it was much easier to go to Namesti Miru in the first place.
The neighborhood is fantastic and very beautiful and safe. There is even a primary school on the other end of the block. In fact most of Prague is very safe as long as you take precautions for pick pockets in the touristy areas and don't even talk to the "hucksters" in the tourist areas.
I really recommend the Hotel Orion if you want a quaint hotel in a neighborhood that is easily accessible to the tourist areas but removed enough to give you the experience of living in a Prague neighborhood.