OK - But great location
Me and my sis in law stayed in this hotel for 4 night, we booked a twin room. For a location this hotel is great, out of the doors on 47th street, turn left and you are right on Times Square - wonderful!
The room itself was ok, fairly basic and could do with a refresh of the paint etc in the room and hallways, we were on floor 8 of the hotel. 
I would stay again with my husband as I would be curious to see what the double/king rooms are like.
On a slightly negative note the temperature in the room had a mind of its own, it was freezing one minute and roasting hot the next, but this is a very minor thing.
I would say that the hotel and Expedia suggest that there is a safe in the room, this is not the case, its a safety deposit box in reception.
Overall its a nice hotel, great if you want to be close to Times Sqaure and all thats nearby.