Holy Cow - Batman!
When we arrived at the hotel we were super stressed and it was pouring down with rain. The lovely man who greeted us popped us down on the couches, gave us both a glass of (complimentary) wine and had a lovely chat about what we wanted to see and do whilst in New York, and he marked out all the good stuff on a map for us. There is no “formal” reception, but it was really nice to sit and enjoy the feel of the hotel. 
The room was as described, we were on the 21st floor, so there were only 2 rooms on the floor and a shared terrace at the front of the building. There was no noise whatsoever from the room next door apart from the door closing from time to time. The daily turndown service was wonderful and the room was beautifully clean. I must also point out that the room also had its own private terrace. (Oh, and the bed was a beautiful marshmallow of bliss)
The location was central to all the great stuff we wanted to see, Times Square, Rockerfella Centre, Grand Central Station. We went out for breakfast each morning and there are 3 really great places for coffee etc. on the same street.
If you stay there you MUST check out the restaurant off the lobby (Tenpenny) Having grown up watching REALLY cool TV programmes where the beautiful people go for diner and drinks after work – The people watching opportunities were fantastic, and the food (baring in mind we’d traveled by car from Washington DC to NY) was the first meal we had that we could have 3 courses as the portion sizes were sensible.
We’d stay there again in a New York minute.