The hotel is housed in a lovely historical building with unique architecture. In includes 13 rooms, of which 8 are doubles and 5 are apartments, across 3 floors. The lobby offers a 24-hour reception and a currency exchange desk. In addition, a restaurant, a breakfast room and Internet access also come as standard. The lobby is tiny; opposite there is a small seating area. The decor is traditional—dark wood and stone with heavily upholstered furniture and low-beamed ceilings. There is also a small internet corner with free Internet access.

Waldstein is situated in the most attractive part of Prague, few steps from Charles Bridge, Old Town Square and surrounded by Prague Castle and the main Prague sights.

The hotel offers its guests a tasty breakfast buffet in the mornings.