Great place to stay and not just because of the price!
We stayed here for a week in May and really enjoyed our stay. We had a lovely surprise that the bunk bed room we had booked was actually a more spacious room with two comfy singles with an amazing view of the Hudson River and Hoboken skyline. Two large bottles of fresh water were provided everyday.
The area of the hotel is simply amazing with gorgeous apartments and cafe's and bars dotted along every street. We walked everywhere from here! The old style of the hotel is unique and a lovely experience, the staff uniforms are great! Even though the bathrooms were shared they were spotless, constantly being cleaned.
We had a great time taking the free bikes out along the Hudson River opposite and cycling to the Brooklyn Bridge and seeing the Statue of Liberty. 
A great place to stay at a brilliant price, sure we will be back!