The place is in the center of Prague, close to everything. We had cold water the first day of our stay, but luckily after a day, it got fixed. If you want to stay here you need to be aware of the fact that you will share toilet and kitchen with the other guests - however that can also be a good way to get to know new people. The place may not be luxurious (e.g. internet is slow) but if you're in Prague just to see the city this place is great.