What a noisy place!
The location of the hotel is not bad depending on what you are looking for. I haven't found any nice restaurant in the surroundings however. 
My room had a great view on the construction building right across the street that allowed me to enjoy early morning construction noises (7am, early birds), early morning union strikes and all night long projectors light right into my room. The room's windows are not sound proof and that seems absolutely ridiculous for a hotel in NYC.
Front desk staff was friendly but didn't care about my concerns. My only thumb up goes to the overnight laundry guy who went the extra mile to change my bedsheets in the late evening when everybody else was gone.
I would not return to this hotel again but would mention it if someone is looking for a good valued place to sleep.