Not worth the hassle...
I stayed here for 3 nights from 17th - 20th August 2012 with my mum. This was our first visit to New York, and we were advised that this was a great hotel in a prime location.
The location was good - a little too far out from Times Square and the shopping district for my mum who is disabled, but taxis are very easy to come by. 
The hotel left a lot to be desired.
We were given a complimentary upgrade to a suite which sounded great, however that's where it stopped.
The mini-bar was non existant, no fridge so the extortionately priced water and out of date snacks were just left on the side. The chamber maid was hopeless - mum had to complain several times to even get the bed made up and towels in the bathroom. Also, the front desk staff were rude and unhelpful - leaving us on hold indefinitely on the phone when ringing to complain, being incredibly rude regarding us asking whether there was meant to be a fridge in our room, taking over an hour to bring a bucket of ice. 
The aircon units were so oldfashioned that we couldn't sleep with them on - they were far too noisy and rattly. The windows had single glazing and faced onto a busy street, the resteraunt was undergoing refurbishment and only had a small room in which to have a continental breakfast, and generally was under par.
The only saving grace of the establishment was the concierge staff who were fabulous, and the housekeeping manager who was helpful and kind. 
Certainly NOT a hotel we'd ever be going back to.