OK for inexpensive downtown Manhattan stay.
Pluses:
Location is just great. Downtown near Soho - lots to see, lots to do. Easy access to the subway.
We very much enjoyed the room service. Breakfast was great, pizza was great. Not too expensive. Very quick and prompt service - always a hello on the way in or out. Maid service was very good. 
Good quality television. We brought a movie player and hooked it up with no problem to a spare HDMI port.
Minuses:
Air conditioning quit on us at midnight one night. They did fix it right away, but while in the lobby we heard of another unit failing the same way so it might be time for them to look into a mass replacement. The A/C in the rooms is very loud, bring earplugs or you'll likely not sleep much.
Shower was difficult to use. Turn the knob one way you get lukewarm water, the other way scalding hot. No cold showers on a hot day!
There are only two computers available in the lobby, so best bring your own if you plan to do any work. They are fairly well secured, so you'll not get access to install anything, though my Citrix connection did work. 
TV channel selection a little weak. 
Overall:
A good enough stay for a less expensive choice in Manhattan. Without earplugs, you will suffer though.