Average-quality hotel
Location:
Just off Chinatown, with close access to the 6 and N/R subways (Canal St station). There is a Burger King and McDonalds nearby on Canal St, and a Duane Reade pharmacy on nearby Broadway. The area is a bit gritty, not a problem during the day when it is busy, but maybe an issue late at night.
Lobby: The main revolving door was out of service, so everyone had to use a single side-door off the main street. Concierge is on the ground floor, but you have to take the escalator up one floor to reach the main lobby/check-in. They served iced tea in the lobby for free, which was nice during summer.
Check-in: No problems. Fast and no mistakes.
Room: Small. There is almost no gap to pass between the tv/counter in the front of the room and the bed, which also makes the room look cramped due to poor placement of in-room furniture. Bed is big and comfortable, AC was working fine. TV was a flat-screen, plenty of channels to watch. Nothing remarkable about the decor. Bathroom is a bit dated. Room can be noisy; you can hear traffic and general noise from outside, and you can hear (and feel) when the subway passes underneath the hotel. The room was clean. Housekeeping was reliable everyday.
Check-out: Fast and problem free, but the staff didn't seem very friendly or at all interested if we needed transport. 
Overall: This is an average-quality hotel. You get what you pay for. If you just need a clean room in a decent location at a decent price, then this is your place. Otherwise look elsewhere if you want a nice hotel experience.