Can't beat the price and location!
We were celebrating my daughter's birthday in the city (American Girl Doll Store and Radio City Xmas Show) so for one night, I was shocked at the cost of a room in the hotels around Times Square. The Novotel was running a relatively inexpensive room rate ($285ish). I read the reviews on this site about the hotel and was hesitant. However, having not much other choice due to being less than wealthy, I booked a room. I am NOT sure what the other people were talking about!
When we arrived, a bellman was very helpful with unloading our car and pointing me towards the garage (right across Broadway) We arrived early (12ish) expecting to simply check our bags but the desk clerk Alvin juggled some rooms and got us one that was already prepared! He was VERY polite and helpful. The room was great - yes - the rooms are worn (carpets, etc) but very clean and comfortable. The lobby is nice and you would never know the scaffolding was not part of the modern decor! Two GREAT features of the hotel were the fantastic rooftop terrace overlooking Times Square (chaise lounge chairs, tables, etc) and the Fitness Room. 
The hotel is going through major renovations although you would not know it. I am sad though that when it is redone, it will be as ridiculously expensive as the other hotels in the area.
If you are not a snooty travel snob demanding absolute luxury but simply want a clean, comfortable place to stay in one of the greatest spots in the world - jump on this hotel!