The house of the Elite Hotel has a long and rich history going back to the late 14th century. The hotel is located in a quiet place, yet right in the heart of Prague's new town, surrounded by many sights yet right in the heart of business and social life. Its cozy atmosphere is aptly augmented by a stylish grill club on the ground floor, offering the best of Spanish, French, and Argentinean cuisine. There is also a cocktail bar with jazz and Latino music in the subterranean vaults. The hotel offers fax, email, photocopy, excursion arrangement, tickets to opera and shows, flight confirmations, translation and secretarial services, room service, and a buffet breakfast.

Each of the 77 uniquely decorated rooms contains pieces of original antique furniture and are equipped with air-conditioning, private bathroom, IDD telephone, satellite television with pay movies, PC connection, safety deposit box, and a minibar.