Great location, below average hotel
We appreciate that this hotel is undergoing renovations but for the price we paid we didn't expect to be as impacted by the renovations as we were. There was noise from the work being done all the time, the lobby and reception areas were messy and crowded and one night/morning the hot water was switched off (we were given about 12 hours notice of this - not very convenient).
The hotel is in a fantastic location, however I would prefer to stay in a different location next time to get a better hotel. The reception staff were not very friendly whenever we had to speak to them. Our room was incredibly small (expected for NYC), the bathroom was tiny and you could not have more than one person in there at one time. We had a "renovated" room, however the shower leaked into the bathroom floor, and the shower/bath became flooded with every shower so you ended up standing in dirty, cold water for the entirety of your shower. We told reception about this twice, and nothing was done about it - not impressed!
Our room was quite dirty, the bathroom especially. There was a dirty cotton bud (from the previous tenants) on the floor behind the vanity unit for the entirety of our stay, pretty gross.
The bed was comfortable, and the view was great, but thats about all of the positives.
Wifi charged at $15 a day is ridiculous, it should be free in this day and age (like every other hotel we stayed at in the USA). 
My husband asked reception to confirm our flight time whilst we were waiting for a shuttle to the airport (concierge was closed) and the women acted as if it was the most inconvenient thing ever for her to have to do. She was so rude, and it was so unnecessary as it only took a few moments. We were also overcharged $100 at check-in (with no notification of what this was for), we were subsequently refunded at check-out, but there was no reason for this to have occurred. Just another example of reception not being friendly or forthcoming with information.
We were not impressed and we would not recommend this hotel. Definitely NOT worth the price tag, you will find much better elsewhere.