Amazing small boutique hotel well located for easy access to old and new Prague. Breakfast was fantastic every morning in the cave. Room was perfect, updated and comfortable for our family of 3. Well kept, service was impeccable and air conditioning worked well for a hotel of this age. Two warnings. There is no lift so unless you are on the first floor take into account a narrow, steep staircase to carry luggage and up and down a few times a day, for us not a problem but for those with mobility issues could be. Bar, open lobby area is limited and is in the sister hotel The three storks right next to Waldstein. Not a big deal but we were two traveling families that like to play cards, visit at night and that was difficult here ( and I am sure lots of other hotels in Europe) Stay here without reservation. A gem, great value and a true treasure.