WJ is A O.K
I booked this hotel thru hotwire, so while itwas not my first choice, it worked out in the end.
Yes, the rooms are teeny! There isn't a lot of excess room and it can be noisy at night with street noise, construction, garbage trucks etc.. But the location makes up for it. 
Hotwire considers it Times Square, but to me, it's really more in Hell's Kitchen. It's close to tons of restaurants, central park, and of course Broadway. 
The staff is stellar, the doormen in particular are helpful and friendly. Housekeeping is punctual too. 
Overall, if you don't mind a small room, it's worth the price:)