it's all about location
I stayed at this hotel with a bunch of friends. I think we got the suite which the reservation email referred to as the "deluxe double" - so there was a little inconsistency there, and it was also a little vague regarding the details of what a "suite" or a "deluxe double" gets you. What we ended up with, was a 2 double, 2 bathroom room. 
Note that during the week there is construction near by - you won't be able to sleep in due to the noise.
The room itself was pretty adequate. For the price in NYC and for the location, you cannot really complain. The hotel is within walking distance from several metro stops and IN Japan town with a 24hr grocery store on St Marks St and plenty of pizza and other food near by. The truth is, the room had very little by way of flat surfaces. We made due without it, but it drove me crazy. I didn't have a place to put my cup of water! Again, these are minor things, when all you need is a clean place to sleep in the busy city. As well, the toiletries were not so great, so I would recommend that you bring your own (or if you forget, then walk down to the 24hr walgreens). Also, if you're sensitive to air conditioning, then you will not like this hotel. The window units are used, and it's difficult to get the right setting. Bring a small blanket and you'll probably sleep better.
I gave this hotel an average rating because the hotel itself is average. I've stayed in 4 star hotels in Manhattan, near times square and in the financial district, and I would recommend this hotel over the others solely based on its location close to many metro stops and great food! It is clean, but a little old. There are zero amenities, but the location is what saves this hotel.