Location, Location, Location!!!
When you are in New York and you want to go places and you want to be healthy and reach those places by walking this option is definitely one to be considered. 
The hotel is right by Time Square which is basically the centre of Manhattan Island (49st). It is right in front of The Broadway Show Chicago. 
I don't know if the hotel is new and that is how the Building itself got like kind renovated but you can still see some sings that the hotel is new. But honestly that is something that it should not even be mentioned I am just saying it here in case some one reading this is a peaky one. The Time hotel seems that has been renovated in a modern-retro style and it is very much of my taste. 
Good things to be mentioned is the air condition is good and necessary, the bar area is nice and cosy, the staff is friendly and assertive in what they recommend. The room is not overly big but it is enough for what you need if you are going with someone else. 
They have a nice extensive menu for room service that comes from the Italian Restaurant in the first floor. 
Overall I recommend this hotel for the location and if you are looking for a good nice not spectacular hotel this will be good for you.
All the best enjoy your travels!