unimpressive and would not recommend for a 2+ night stay.
First of all, let me say that the staff were helpful and friendly. 
Unfortunately for the most part of our 8 night stay it was problematic and lackluster. The first room that we had had a truck engine for an air conditioner it was horrible and we didnt get any sleep. I think i could outreach my arms and basically touch every wall in the room, that's how small they are..and the beds, well they should provide two as only one person can comfortably fit in them! Smaller then other hotel rooms that i've seen and stayed in, in New York. 
The staff thankfully agreed to move us to another room but only after i asked to speak to the manager. the room they moved us to was lovely, it was a disabled room which meant that it had to be bigger and that served us pretty well for the remainder of the trip.
The lifts!!! S L O W, its quicker to walk down the stairs on crutches and a bung knee then wait for them. 
Great location right next to time square and mid Manhattan - without the noise (or maybe that was just the air conditioner blocking it out). 
In terms of food, the restaurant downstairs, the Aspen does a great steak. Evergreen the diner next door is also fantastic, we had breakfast there most mornings. The staff are friendly the food is cheap yet delicious and fresh.
They were a bit sneaky, there is only free wifi in the lobby, in the rooms you need to pay for it. Also they don't tell you but you will be charged a $50 per night incidental charge that will be held until your departure. Silly me gave over my debit card so it held back our holiday funds....make sure you give a plain credit card so that it doesn't actually affect you directly. 
With the hassle we had with the room, the small beds, unbelievably noisy air con and 'tight' rooms i wouldn't recommend this to anyone that plans on staying for a reasonable amount of time.