Great value, very enjoyable stay
Fun updated hotel with excellent service. My teenage daughter and I usually stay near Times Square but wanted to branch out. We were very pleased with this choice. 
I booked on Priceline then called the hotel the day before to request twin beds rather than the queen bed. They accommodated this request and also allowed us to check in at 1 PM instead of 3 PM. The room was fairly small but not cramped, and we found it very comfortable. We did hear the construction noise - my daughter slept right through it but if you're a light sleeper, some earplugs would be a good idea.
The 20th floor restaurant offered a convenient and relaxing option for lunch on our first day, before heading out for our adventures. We enjoyed a marvelous soup, sandwich and crab cakes. 
An interesting perk is the option to borrow an ipad - they put a steep deposit on the credit card but we enjoyed having it available all weekend, to read reviews of the shows we saw and check maps and restaurant information. 
One other tip - for groceries or takeout meals, the Amish Market at 53 Park Place was quite amazing - it takes up an entire block and is about a 10 min. walk from this hotel.
I recommend this hotel, especially for those who plan to visit the World Trade Center site.