Outdated rooms, poor noise insulation, unfriendly
I visit New York occasionally for business, and happened to stay at this hotel once recently. While I generally very much like other Intercontinental Hotels I've stayed at, this one was simply not up to par. Here are the specific problems I encountered:
1) An unfriendly reception: when I asked if the room I had been assigned was quiet - I had an early business meeting ahead of me, the front desk associate dismissed "yes, yes..". It turns out that my room was near noisy construction/road work.
2) And that brings me to the room itself. In a time when even budget hotels have gone through significant renovation, this room stuck out as lost in time (and not in a good, "antique" way). The furniture looked pretty old, and the bathroom was similarly dated. 
3) The window insulation was a lot worse than I've experienced in other NY hotels. I was kept awake practically all night by road noise because of windows that didn't seem to be adequately insulated.
Overall, there are many, many better choices you can make (even within the Priority Club family) in New York - for less money. If you want a good night's sleep or an updated room, keep looking.
PS Of course, the wifi was not free either, but that's unfortunately fairly common at many higher priced hotels.