Great Historic Hotel, But....
I stayed at the Drake for a week in January on business. I had heard much about the historic significance of the hotel and it did not disappoint! The lobby is beautiful, with a nice, old-world style charm and the display of famous guests on the ground floor shows the caliber of quality the hotel is hoping to convey. Check-in was easy and the location was great; near shopping, restaurants and attractions. 
Despite these factors, there were several things that made my stay difficult. To begin, there is no wi-fi available in-room, which is somewhat surprising in 2012! Along these lines, the TV featured only analog channels. Again, it's 2012! I'm not sure why such details, which are standard in much lower-grade hotels, are left out here. Additionally, the walls are very thin. I was kept up on several nights by noisy neighbors, whose conversations I could hear word for word. Also, the heater runs rather loud, which may disturb those who are light sleepers. Finally, despite the beautiful historic charm of the lobby and public spaces in the hotel, the rooms themselves just appear more old and worn-out than historic. The furniture is chipped, the bathrooms appear to have been half-heartedly renovated and I even found stains on my sheets. Overall, I was disappointed and will likely stay elsewhere for future visits.