The Elite Hotel Prague is located a short distance from attractions such as the historic center of town, Old Town Square, 300 meters to the National Theater, a few blocks to the metro station, and near Wenceslas Square which has plenty of shopping and nightlife. The Elite Hotel Prague is 10 km from the airport and close to the local train station. Rental cars can be arranged.

All guestrooms at the Elite Hotel Prague are decorated in period furnishings and textiles. Each has Wi-Fi, cable TV, air conditioning, a full bath, minibar, safe, and heated towel racks in the bathroom. Rooms face the courtyard.

The building itself dates back to the 14th century, giving the Elite Hotel Prague many legends and ghost stories to entertain guests. Most of the original structure remains intact, including the cellar which now houses its onsite lounge where live entertainment can be enjoyed twice a week. Many rooms still have their original vaulted ceilings and architectural details. Amenities include an onsite restaurant offering European cuisine, 24 hour front desk, concierge, buffet breakfast, gym, and a small spa. Renovations were undertaken between 1998 and 2001.