Don''t be tempted to stay here
Although the location can't be beat - right across from Penn Station - definitely choose another location. I stayed here in September 2012 when Amtrak needed to suspend its northeast rail service due to inclement weather.
The lobby is the only part of the hotel that is acceptable. The rooms were dirty, with old - non/functioning furniture. Not to mention, in my particular room, the window did not close. For $200/night (which is a pretty good deal in NY), I have stayed at the Hilton Manhattan East which was a much more pleasant experience. It's also an older hotel, but the rooms were clean & also included an OK fitness center.