Might be the worst looking hotel in Manhattan
But it does the trick for a short stay that you want to be cheap and right by Times Square. 
I am giving the hotel a 2/5: 1 for the price and 1 for the location. It deserves nothing else. 
The check in was pretty painless. I have waited longer at nicer hotels. Our room was on the 21st floor, we had a room with 2 double beds (there were 3 of us). It appears as though some floors are renovated and other are not, the 21st floor was not one of those renovated floors. It reminded me of a building out of a Law & Order episode when the detectives have to go bust some low life. The hall-ways were not pretty. Our room was small and had this horrible carpet, well 3 different carpets. It was pretty funny. The TV was at least 30 years old and had not remote, but it did work. The AC was small and thankfully it did the trick. 
We were very happy that the beds/sheets looked clean. 
The bathroom on the other hand....while not overly dirty did have a massive mold spot in the shower. It appeared as though it were alive and ready to pounce on unsuspecting guests while they showered. I reported the mold to the NYC Health Department afterwards.
Overall, if you are looking for a cheap place to crash right beside Times Square this may be your best option. However, if you are staying for any longer than 1 night just pay the extra or stay further from the City. I would also avoid this place if you are travelling with children. Think of it as a gigantic, filthy, old hostel.