Bkfst for a dollar, great deal!
I stayed at the hotel five nights with my wife in our first time in NYC. We chose a king corner room and were placed at the 40th floor.
CPTS is superbly located right in the heart of Times Square. I cannot imagine a better place to a first NYC visit. The room (bathroom included) was spotlessly clean. The hotel staff was always friendly and efficient to attend any request promptly. The bed is all the best, a marvel. After an entire day walking through NYC, a good bath and a soft, clean and comfortable bed makes all the difference and are very well appreciated! The rooms have all facilities like a large LCD, iron, bath products, robe, safe, etc... The size of the room (King Corner) is also very nice and well designed and what you see at the official photos is what you get. 
We got the breakfast for a dollar deal at the hotel website and it really worth it. The meal at the Brasserie 1605 was great and a good reason to wake up a little bit early to enjoy it before start exploring the city. Again we found the workers very professional and friendly. Nice way to start the day, definitely. 
There are only a few points “less positive” worth noting, however none of them interfere with the quality of the stay as a whole. No free internet even at the lobby, the air conditioning was a bit noisy, the hotel bar closes too early (before 24hs) and also the general condition of the room, I mean, you can note perfectly that it's a hotel with high occupancy turnover.
In short, I strongly recommend the hotel and with bkfst for a dollar deal in a higher floor…. It’s a perfect complement to a perfect stay in NYC. 
I will be definitely come back. 
Cheers!