Location, Location, Location
Location, Location, Location - that's the best bit and it is good. For the price I expected more, it didn't really feel like the normal "Sheraton" experience, the room was small, even the bath tub was small (but maybe that is a New York thing), the decor looked like it could do with a refresh, there doesn't seem to be much in the way of noise insullation whether it's the cleaning carts being banged around (they seemed to live just outside my room) or the people next door having a heated discussion at 4am! There was also a total lack of an information pack in the room, do they have room service, do they offer laundry,....?
High speed internet (at extra cost) - what a joke, I measured it several times at 160kps - so don't expect to be able to use Skype or the like. Oh and it is only a cable connection in the room, no wifi. 
If I'd paid $100 or so I would have been happy, but I paid a lot more and won't be going back.