It's a NO!
My husband checked into this hotel a day earlier than me, the text he sent me was "OMG, this place is disgusting". This hotel was on the list of his company's NYC hotels but after this stay he has told the travel department to remove it IMMEDIATELY.
While he was checking in the receptionist rang housekeeping and asked if room 902 was ready, it obviously wasn't because she checked my husband into room 210. The kitchen fan vents INTO room 210! The room reeked of cooked foods from 9 am until 2am!!! The carpet was grungy, bathroom was dismal and the water pressure was pathetic. The hair dryer worked for 4 minutes before it over-heated and it was another 20 minutes before I could use it again! We left after my first and my husband's second night.
The hotel is situated in a very, very convenient location - that is pretty much the only good thing I can say about it.
Right next door to the hotel is a club, so on Friday and Saturday nights you are fighting your way through drunks loitering the sidewalk to the front door of the hotel. 
There is no security to speak of, as I was waiting to check out, a woman asked the receptionist if a MR X was in the hotel. The receptionist not only answered in the affirmative after looking up his name on the computer but supplied the woman the room number AND told her to go right up! 
Staff was unhelpful and indifferent. This was definitely a case of "you get what you pay for". We left and opted to pay 4X more at the Trump Tower at Columbus Circle.