You get what you pay for sometimes
I spent one night in this hotel in May 2012. I chose it because I got a good deal through Last Minute. I read the reviews on Trip Advisor, and they were a bit of a mixed bag, but the positive reviews gave me hope. I am sorry to say, I should have paid more attention to the negative reviews. 
Walking into the hotel and upto the reception desk was a fairly pleasant exprience - the doorman was friendly, the lobby clean and light, and the reception desk staff friendly. 
However, upon stepping out of the lift to walk to my room I sensed that the lobby is where the positive experience ends. The corridor leading to my room smelt of old, dirty socks. It was disgusting. The door to my room rattled and didn't feel particularly secure. My room had the same unpleasant, 'dirty socks' smell as the corridor. But that was nothing compared to the fact that the window in my room was not functioning (ie. couldn't be closed!) and so was covered with a large sheet of plastic! (see attached photo!). I couldn't believe that any hotel would rent out a room with plastic sheeting covering the window - not even in New York! I went downstairs to see if another room was available. There was just one other: a room on the ground floor. It was worse than the room I had been given: it also had a peculiar smell and had no windows or venitlation for fresh air whatsoever! So, I decided to take my chances on the origional room i had been given. When I spoke to the person on the reception desk about the window in my room she seemed only mildly surprised about it, but nothing more than that - didn't offer to send anyone to look at it or do anything about it.
The room itself seemed clean, but very dated in terms of the decor and amenities. Also, the bed is well past its best: the sheets were threadbare and I could feel the springs sticking up through the mattress. On a small plus side, it was quiet - as are most NYC hotel rooms that have an internal rather than a street side window.
I was traveling with a colleague whose room was also very unpleasant - probably worse than mine as they had no window at all (much like the alternative room I viewed).
I would not stay here again.