Perfect location, would definitely go back!
I visited here with my boyfriend for 4 nights in August and we were really pleased with the hotel. The location is perfect just off of the centre of Times Square meaning we could walk to most places. The room was fine- not amazing but all you need in NY. It was clean enough, big enough for NY standards and the bathroom we were happy with. We could also just see Times Square as our view which was nice. I didn't think house keeping were great as they only seemed to change our towels and make the bed, where as usually they give you new glasses and tidy a little, but not a big deal. 
Concierge couldn't have been more helpful, we had booked a helicopter flight and a really nice man rang and confirmed it for us and nothing was too much trouble. All staff we came across were friendly which is always a bonus.
For local food we found Cranberrys for breakfast brilliant- a local place which could cook you pancakes and all sorts with a seating area upstairs, and Virgrils the other side of the hotel, (entrances both on 44th and 45th) it has fantastic pulled pork, brisket and milkshakes!
We would definitely stay here again- great location, clean, friendly and good price.