Hotel President Prague *****. Hotel President Prague boasts of perhaps the best location of all hotels in Prague. It is situated on the bank of the river Vltava, in the very heart of the historic city centre, just 50 metres from Hotel Inter-Continental Prague, and some 300 m from the Old Town Square. All rooms offer the most impressive view of Prague Castle and historic Vltava bridges. The hotel President Prague is fully air-conditioned. Offers a restaurant, lobby bar, fitness and casino. The hotel President Prague was completely refurbished and re-opened in September 2004.