Pleasant Surpise!
We recently stayed two nights at this property and had a great experience. It was built by the same person who built other landmark NYC hotels like the Waldorf Astoria and the Park Plaza. I had looked at it online a month ago and found the prices too high, but then checked the day before our trip and found a great special at half price! The best surprise was how large our room was. It even had a small fold out sofa. And the bathroom was quite large as well. After staying in some pricier NYC hotels where the rooms were tiny, this was a real treat. The room was clean and quiet. The sleep number bed was comfortable. The staff were pleasant and helpful. Of course the location is central and very convenient to subway, buses, Penn Station and Grand Central Station. 
High speed wi-fi is available for a fee if you want to stream music or videos, but they also offer free lower speed wi-fi which is perfect for surfing the net and checking email. 
We had dinner in a new restaurant off their lobby -- Petit Poulet. It's just been open for a few weeks, and is a small French bistro. The food was excellent, and moderately priced. 
This was a terrific value for the price we paid, although at full price, it's still more than we like to spend. Only minor negatives for us were the lack of a refrigerator (available for a fee) and a somewhat limited choice of TV channels.