We went to Prague as two couples and booked accommodation in an apart-hotel just off Wenceslas Square - €160 for the four of us for the two nights! The apartment was really nice, clean and more than what we expected or needed. This also included breakfast in the cafe down the road - which is great value - included in the price. It is also very central, we walked everywhere. Approx. 15 minutes' stroll away from Old Town Square, yet close to all the clubs and pubs at night (5 minutes). Would definitely recommend this accommodation and would stay again.
www.booking.com/hotel/cz/jepaparthotelprague.en.html - The picture on all the sites of the pink and white building is not it - or if it is I didn't see this part of it! It is just off Wencesles Square - down a lane to the right of Scorpio Restaurant - this is on the Marks and Spencers side of the road and approx. 200/300 metres up the road towards the museum.
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