Good if you get a cheap rate
I stayed at the City Club for one night in New York recently. I had to make a quick trip for personal business and didn't want to spend a lot on a hotel, so I took advantage of a very good deal ($169) on Jetsetter. The location is very convenient, and just far enough away from Times Square to be relatively noise-free. The service was unfailingly friendly and efficient. I was upgraded from a Petite to a Queen room, and thank goodness--the Queen room is tiny so I wonder what the Petite would have been like! But the Queen was perfectly comfortable for one.
The hotel is a bit odd. It is very dark--there is almost no lighting in the hallways and the dark floors don't do much to help illuminate things. The floors are cork tile (in the hallways and the rooms), and are a bit sticky and rather worn (and faded near the windows). I would say this is not a great flooring choice for a hotel. 
The bathroom in my room was immaculately clean with a GREAT shower--fantastic water pressure and a super shower head. As a whole, the bathroom was adequate, but you can tell it was designed by a man--dark brown/black marble wall tile, the dark cork floor, and dim lighting, so forget doing anything in there that requires you to actually see, such as putting on makeup. Still, there were lovely and plentiful toiletries from Bigelow, great towels, and nice robes. And again, I was just there for one night so how far wrong could I go?
The bed was way too soft for my liking and a bit lumpy, and the sheets were a little cheap and had a couple of small holes in them. The air conditioner was incredibly noisy and rattle-y. There were only two accessible plugs (2 plugs, not 2 available outlets, so if you have more than a phone and a laptop, don't plan to charge everything at once). I was on the penthouse floor and had a small terrace attached to my room, which would have been quite nice if I had spent more time at the hotel. The large sliding doors to the terrace also meant the room had nice daylight. The wallpaper was peeling, which gave a kind of seedy feeling to an otherwise quite well-kept room.
This is not a luxury hotel, but you will not pay luxury prices. It appears that the rack-rate for a petite room at this hotel is just shy of $300. That would seem like a LOT to pay for a room like the one I had. But for $169, it really can't be beat in the middle of Manhattan. I would probably stay here again for a rate of under $200.