Great location, in the back streets
Just off 5th, 5 minutes from the Empire State Building and a 10 minute walk to Times Square and Broadway beyond. This is probably one of the best deals in Midtown. A small modern hotel in the heart of the city that does not have the typical price tag. The suites are a fair size, but a real push for more than two adults, and they are comfortable, clean and modern. The lifts are a pain in the bum, especially when only one is working and breakfast is nothing to write home about - but the staff are first rate (luv ya Daniel). 
It would be hard to find anything better in central NY without taking out another mortgage.