Great location.... thats all!
Where to start?
I had read a few negative reviews on this hotel before arriving which were dated prior to the newly renovated rooms; because the price was so reasonable for the location to Times Square I was willing to take a chance- Im not too sure it paid off!
The staff were friendly and willing- and that was about it!
The 'renovations' of the hotel were supposedly completed last October, which is not the case.
The floor we were on was dark, the renovations were shabby at best with uneven skirting boards (that were embarrassingly rough and unfinished in appearance) as well as marks all over the newly painted walls! 
The lift was terribly small and took forever, on some days it had broken down and we had to walk 7 flights of stairs to get up or down, and through the bottom levels of continuing construction! 
We nearly missed our shuttle trying to fit ourselves and our luggage into the lift as it was already packed with the travelers on the upper floors who were also attempting to leave at the check out period! Try to avoid this if you can!
The room we had was severely small and we could here the people next door so well that it was very uncomfortable! The room also smelled strongly of new paint and plastic, which was constantly overwhelming. 
The only good thing about our stay was the lovely flat screen TV and the abundant stations provided!
The Hotel was literally around the corner from Times Square and in close proximity to all uptown attractions (a short walk to central park) but the sidewalks were constantly busy and congested- if we had known this (and knew a little more about NYC), we would have opted to stay in the SOHO area, the subway is quick and easy, there is no real need to stay right in Times Square!
Stay here if you dare- but there are plenty more options out there and I'd advise you shop around first!
Carmen & Ross
Sydney, Australia