HIGHLY RATED FOR GOOD REASON - EXCELLENT VALUE FOR MONEY
We stayed a week in this Hotel mid June and were not disappointed.
The location is superb if you want to be right in the thick of it, step outside the door and you are literally in times square. 
Rooms - Yeah they are small but do not lack anything, beds are super comfy and rooms well appointed.
Breakfast - Great continental choices with lots of fresh fruit :)
Wine and Cheese each evening - Great opportunity to enjoy local wine and nibbles, and meet new folks if that is what you like to do .Staff are great, very accommodating and nothing is to much trouble. 
Free Computer access and printer is located in Rick's cafe and a good resource for trip planning etc.
 Eating tip !
We had the best food ever at Tony's Restaurant just beside the Hotel, a great family restaurant with a wonderful atmosphere, character and charm.Customer service was fantastic as well, excellent meals (antipasto seafood entree and the Tiramasu was to die for !) and huge servings. They are very reasonably priced. . we went there many times during our stay as it was so Yummy !
Only negative during our stay was that we could hear a fair amount of noise at night when the garbage collection trucks did their rounds... small price to pay for a great stay ! Thanks