Located right on the Charles Bridge, a 10 minute walk to the Prague Castle and a pleasant stroll across the bridge to the heart of Old Town. There is a tram station nearby that allows for easy access to other sections of the city. We visited all sorts of spots with minimal issues. A recommendation that I'm sure holds true for most of Prague, if arriving from the airport or train station, avoid a taxi if possible. Much easier to arrive via the tram. It's worthwhile to walk through the side streets and experience some of the restaurants that are not aimed primarily at tourists.