Fine for city sightseeing
We stayed in a standard double room on the 26th floor for 2 nights in February. The hotel is a great location for walking to Broadway shows, Rockefeller Center, Central Park, St. Patrick's, and excellent dining.
The room itself was very small; and as it is an older building the bathroom was tiny and dated (paint peeling in places, etc.) The bed was small and a little uncomfortable, but I thought it was a small price to pay for a good view of Central Park and the location. The coffee shop has a good breakfast menu and cheap wine/beer in the evening!
We would go again, but it is not by any means a "high end" hotel experience.