Good location, if you want to be there...
This hotel is one of the newest in NY, it is a Sheraton and it's in a good location, if you want to be by the Soho/Tribeca, if you want to go shopping in Soho is very convenient. Many subway options around and 5 minutes walking from the shopping area.
The problem is that this hotel is not at the Sheraton "level" it should be (As someone already said) a Four Points. The rooms are way too small, we were given a "suite"(As I'm Platinum Strwood) and it was smaller than the "current" Sheraton rooms anywhere else in the country, really a joke... of course the bed is one of the best as always in Sheraton, but the rest of the room not. The bathroom was tiny and the extractor in it is too loud, so much that we prefer to be on the dark rather than hearing that noise (The extractor works when you turn the light on in the bathroom)
The lounge is on the top floor, having really nice views of the Hudson River and midtown, really nice views, but the quality of the food ofered was very low. also the service in the lounge was bad. When we were there for the Hours d'ouvre the waiter ofered my wife a glass of wine, our surprise was when he came back later with the check for the glas of wine (9$) WHAT??? you charge for a glas of wine at the Lounge???
All in all, not our best experience in a Sheraton. I would go back only if I HAVE to stay in that area of the city.