Cost effective, but disappointing.
This hotel is priced right, and is centrally located to many attractions, but the negatives outweighed those positives, as follows: Only one elevator goes above the 7th floor, which makes for a very long wait time every time you have to use the elevator. The first room they gave me was very small, without even a desk to work at, and the person in the next room was playing a guitar very loudly, at 9 in the evening. Water pressue in the shower was very poor in the AM, and the plumbing was very old, as evidenced by a toilet that was constantly running after being flushed. They were very inflexible in terms of a late checkout, even after a 4-day stay and the likelihood of many more stays to come (given that I travel to NYC every 2-3 weeks). They charged me an extra $50 for late checkout. I wouldn't stay there again.