Accomodation in Prague

Could any one please recommend a decent, modest rather cheap accomodation in Prague?! Preferably in the old town.
Any advise on things to do, where to eat, bars, clubs & places to visit is all welcome. I'll be there just for the weekend and i'm on a tight budget (If this info helps).

Thanks alot PFers!

Last year, we stayed at Hotel Bella. Not in the old town but a short walk to the local Metro Station. Reasonably priced, quiet atmosphere...

Don't miss Lokal for excellent Czech food and beer at affordable prices.

The Czech rep. is one of the most beautiful (if not THE most beautiful) places in Europe. You will be mezmerized... :)... lovely to trek!