hip, comfortable, great location (if you can get a deal)
This hotel seems to have vastly differing prices. I got it for $130/night, I've seen it well over $500 for the same room.
Overall, this might be my favorite budget hotel in new york. It's very hip (some of the murals trying to be a little too hip), spotlessly clean, hardwood floors throughout. They have free internet in the business center and they gave us free drink coupons at check in (I don't know why.) The rooms are a little larger than most midtown Manhattan hotels I've stayed at and the staff were very accommodating. You can walk to literally everything in the world from this hotel! If you can get this place on the lower end of the price variation, I highly recommend it.