The hotel in Prague where the Summit is held is a ripoff - 150EUR is way, WAY too expensive and a little off - I was in Dejvice a lot last year - it is the better side of town.

use this link for a hotel map of prague (google maps)

on the upper left corner "D" is Hotel Prague... A little down you see the big street Evropská - this is a main road from the airport and the highways into the city and ends at a huge round-about where you find a metro station "Dejvická". From here you take the Metro to Hradcanská, Malostranská, Staromestská and Mustek - the latter two are WELL downtown Prage.

As you see there a a LOT of hotels, pensions and thelike.

A very popular Hotel Reservatioin System is http://www.hrs.de which is also avail in english (upper right corner)

Non the less - Caps in Prague are rather affordable - just take care you do NOT get ripped of. AAA Taxi are quite good as far as I remember - we had your personal cap after a few times with special rates hehe.

To go to Hotel Prague from Metro station Dejvická it would take about uh 100 to 120 Kronen (about 5 Euro)

1$ -> Czeck Kronen = 16 CZK
1€ -> CZK = 25 CZK