Excellent quality hotel and with that added value
We are a British couple and have just returned from a 3 night break in NYC. The hotel is on the corner of 48th and 11th, and about a 15 - 20 minute walk from Times Square and about 5 minutes from the USS Intreprid. 
We had a Riverview Terrace Room on the 8th floor. Absolutely fabulous view overlooking the Hudson and the USS Intrepid. It had a lounge area, with TV and window, and the main bedroom also with TV and large window. The bathroom was huge and plenty of amenities. The bed was also huge and really comfortable.
By joining the Kimpton InTouch loyalty scheme you get free access to (an excellent) wifi service and $15 worth of mini items for the stay. We also had a package that included a continental breakfast, which is a a choice of juice, tea/coffee, toast/muffin/scone and a fruit salad. We found this quite enough and kept us going until lunch.
There is a wine hour between 5 and 6, where you can meet with Jeffrey (concierge services) and sample some nice wines for free. Jeffrey is also exceptionally helpful at arranging outings and is well connected to staff at many of the top restaurants/bars etc. 
There is a good gym. Small, but with enough new equipment to get a good workout done. There is also a spa; we did not use this, but with the loyalty scheme you get a $30 voucher to go towards a treatment. Newspapers are available and a very good restaurant onsite (called Print) and a lovely bar on the 16th floor.
The staff were always very friendly and helpful. The hotel is only 2 years old apparently and still looks and feels very clean and tidy. Our only criticism is that there was quite a lot of noise at night, even on the 8th floor. The room is double glazed, but with the option to open some of the windows slightly, this may allow some extra noise through. Nevertheless, it certainly wouldn't put us off staying again! 
We found a local Italian on tripadvisor while there. It is called Patzeria and is well priced and does excellent pizzas. It is probably about a 15 minute walk from the hotel.
I would not hesitate to recommend this hotel. It is affordable, clean and well located for the city. We stay in many top brand hotels around the world and this is well up there with them. The free wifi, wine tasting, minibar voucher all show that the Kimpton chain is clearly trying to add that extra value on the bigger brands and it really does pay off. If you are happy to be a 15 - 20 minute walk from Times Square then seriously consider this hotel.