A great place to be
The Hotel Edison offered about the best price available to be right in the center of the action, one block away from Times Square. We stayed for four days, and it was a great base camp for our exploration of the city. Our room felt a little small, and the hotel had its eccentricities (one ice machine for the whole building, in the midst of a heat wave). Still the staff was very friendly and helpful. We'd try there again if we can ever go back to the city.