Based on the great reviews in trip advisor, we booked rooms at Tradition Hotel during our trip to St. Petersburg. This small hotel was quiet and clean, nice but not luxurious. The staff were supremely helpful and courteous. It is just across the Neva River from the Hermitage and the Nevsky district, only about a 15-20 minute walk. BUT the primary bridge was closed for construction our first day there, which meant we had to pay for expensive taxis (20+ euros) to take us via longer routes to and from the other side of the river. The next day thankfully the bridge was open, though it closed late that evening ( along with virtually all the other bridges simultaneously) to allow large boats to pass. So we found ourselves stranded for an hour plus away from our hotel in the wee morning hours. If you stay here, make sure the bridge will be open. And pay attention to the schedules for the bridges before planning a late night out.

Location just west of the Peter and Paul fortress. A short walk to the city centre, except this year because of bridge repair.
Very efficient and correct help with documents needed for visa application.
Efficient and helpful staff at the reception. Limited, but tasty breakfast in a room a little too small to accommodate all guests.
All in all highly recommended.

Arrived in St Petersburg at 8am on the overnight Red Arrow train from Moscow, booked the hotel transfer for 3 of us at 1500rubles (USD50). Finally reached the hotel about 930am and were told that the room was not ready yet, fair enough as it's a small establishment with only 16 rooms. Being so tired we lazed around the lobby and had the reception staff orientate us with reference to the nearest Metro stop (Sportinava - a good 10-15min walk) and the supermarket (another 8-10min walk).

Decided to go to a nearby cafe for breakfast while waiting to check-in, and realised that the hotel was literally a stone throw's away from the Neva, and the Peter and Paul Fortress. It was in a relatively quiet location with not much else around. When we went back after breakfast around 1145am, the room was ready, much to our relief.

Triple sharing, the hotel had to provide us with the biggest standard room available to accommodate the extra roll-away bed. It was still a tad too cramped, but they were fully booked so an extra room was only available for our 4th and 5th night stay. The interior was classic in a way, and furnishings were dated. I had a very springy bed that creaked at every movement.

Hotel provided tiny bottles of water everyday, but it could be finished in a gulp or two. They also replenished the instant tea and coffee, and a small piece of chocolate each. We had a problem with the sockets as they were located low, at the bottom of the night tables, and the 3rd socket on top of the fridge always gave problems with the charging.

We didn't have breakfast included in our booking so we can't say for sure how it is, but we met a few other people staying there who raved about it and said that we ought to try it. 800rubles per pax was a tad too steep for us, just for breakfast.

The really good thing for us about this hotel was that the staff spoke really good English and were very helpful with our questions.

There was a really good Georgian restaurant on the way to the Metro, at the Albira School ... called Gigiteria. Fantastic service and food, that seemed to be the only good thing we explored from this location. The Bolshoi Prospect is nothing compared to Nevsky Prospect, and I would probably recommend this hotel only to people who are looking for peace and quiet, away from the hustle and bustle of city life. The location is very suburban. After all, Peter & Paul can be completed in less than a day!