Has a lot of flaws - the reviews here are too positive vs. reality!
I stayed in this hotel for a few days recently, after having picked it based on its reviews here on TA. Turns out those reviews didn't portray a truly accurate picture. I travel on business once a week, and stay in hotels more than 100 nights a year - including many in NYC. This was my first, and definitely the last, time at this hotel. I am not even very picky. I have happily stayed in places from Hampton Inns to Four Seasons, but in those places, at least you get what you pay for without any unpleasant surprises like here. And, that is the crux of my review.
Here are the pros and cons I observed during my stay...Pros: the shower force and roominess were excellent, and the bed was ok - though somewhat lumpy or too soft in spots. The deluxe suite had a lot of room for a typical NYC hotel. And, it was pretty quiet on the higher floors. 
Here are the cons: the lobby of the hotel was highly disappointing, and definitely not suitable for arranging to meet anyone on business. The furniture looked like it was bought from a flea market, the decor was tired where it wasn't indifferent and cheap. I arranged to do a hiring interview in the lobby, and it was embarrassing. The concierge's desk was smaller than a student desk in a school room, and her recommendation for a "nice" place for a business lunch was a diner-like crappy Italian joint a couple of blocks away! There were luggage trolleys parked haphazardly inside the front door- not just on one occasion, but at multiple times during the day and night. The front desk was staffed by folks who seemed indifferent to the guests' sensibilities - definitely not a group of folks who place a premium on customer service. Overall, the attention to detail was non-existent for a hotel that charges what this place does.
Now, to the room. As you get off the elevator with your bags, be prepared to navigate through an obstacle course of housekeeping trolleys that are permanently parked in the narrow corridors. You walk into the room, and the first thing you notice is that the floor squeaks with each step and the second thing you observe is that the carpet is dated, rather dirty and not one you would ever want to walk barefoot on. The design of the suite reminds you of an apartment design from the 70's, but one can forgive that. The bedroom was roomy enough. In the bathroom, the shower was roomy, but the toilet was in a tiny nook where it is hard to sit on it without banging your knees against a protruding wall. You have to slide sideways to sit on, and get off. Weird placing! The climate controls don't seem to work consistently - some nights were too warm, and some too cold - though I had kept the temperature setting at the same level. 
My overall impression is that the management and staff at this property either don't care enough to do their jobs well, or are not allowed to do it well. If you travel infrequently and have few expectations, and are able to get a great price, this hotel would be good enough. But, if that isn't the case on either front, you will be disappointed. At least now, you are forewarned!