Avoid at all costs
Great location, stayed pre-renovation in 2009 and stay was Ok. Recent stay in October 2012 was awful. We had a room on the 23rd floor, it was small but functional. The bathroom was tiny, so small it needed a sliding door, unfortunately there was a gap of at least 3 inches around this door - great if you want to hear every bathroom noise of your traveling companions. 
Worse was to come, we were woken at 7.30am three mornings running by drilling and hammering close to our room. As another reviewer has said the water was shut off for 8 hours during our stay, with only a photocopy left in the "lobby" advising of this. The TV throughout the hotel was also not working for 24 hours. There isnt even a kettle or tea or coffee making facilities in the room - or an ice machine on the same floor.
The real lobby is undergoing major construction, the temporary lobby at the side of the hotel was an absolute zoo, total chaos at all hours of the day and night.
When I complained about the construction noise and loss of water and TV I was offered a refund of one nights stay and 24 hours free internet access, however because I booked through Expedia I was told I would have to arrange the refund through them. Upon check out the milford plaza tried to charge for the "complimentary" internet that I had been offered, though they did take it off the bill when I made a fuss and refused to pay. When I got home I applied for the promised refund through Expedia, somewhat predictably Expedia have now said that the Milford Plaza are refusing the refund, despite me providing proof it was offered. It looks like it is going to be a long fight to get the promised refund, at best the Milford Plaza are incompetent at worse they never intended to refund and assumed (wrongly) I wont want the hassle of pursuing it. Cannot say Expedia have provided good customer service either, they seem to be washing their hands of it.
In summary there is nothing to recommend this hotel other than its location. Choose somewhere else - anywhere else.