Good location, great pool, so-so rooms
The Good
You can't really go too wrong here. You are paying for location on Times Square and being in a large hotel/ large chain. And a very good size pool for this part of town (great for kids). 
The Bad 
But if you are not a pool person... go across the street to the Sheraton where the rooms are new and in much better condition. A bit more expensive but worth it. Our room was dingy, tired and the bathrooms were clean but not in great shape. 
The NY trend of not having room service is irritating, although there is a great Greek deli nearby with anything you want at a good price (if you can squeeze in). 
The ugly 
We asked for adjoining rooms for our daughters but they would not guarantee it. We did not know until the last minute if we had the rooms or not. Again, this seems to be a NY or a hotel chain thing, but it is lousy customer service. Although the staff try hard, there are far too few at the front desk and check out took FOREVER. Calling for client service was so bad that we ended up having to go downstairs and wait to speak ot a person face to face becasue the staff were not able to pick up.