Stay Away
The hotel is on 57th and 9th, very close to Central Park and within walking distance from Time Square. The lobby itself is below average and you do happen to have a lot of staff available there. The rooms are extremely outdated and in desperate need of a complete makeover. 
The internet is free in this hotel but that is a very bad idea. There are times where the network gets so overloaded that nothing works at all. Either restrict free internet to priority club members and paying customers or upgrade your connections. Or at least, offer another connection that is fast and reliable for the priority club members and/or paying customers. Not being able to load google for an hour during the night every night before everyone goes to bed is not really an internet connection. 
Noise in the corridors and the proximity of an ice machine to the room was very bothersome. That is specially because the doors and walls are not noise proof. The lack of a fridge in the room was also not good. It would be nice to have a minibar or at least an empty fridge to stock items in it during the stay. The cupboard in the room is just a disaster. The TV is almost ancient, did not know that those TVs still exist. 
Some of the staff members are helpful and nice to deal with, the others are just simply rude. The feeling I got was that the place was run by a mafia rather than just employees. Had to reserve a car for my friend to catch his flight since we were advised by the concierge at the time that we need to do that to avoid traffic (on a Sunday!!!) and because we wouldn't find a cab at that time. After agreeing to the time, my friend and I waited in the lobby and made sure the staff there knew we were waiting for the reserved hotel car to pick him up. We were there 10 minutes prior to the supposed arrival time and nothing showed up 20 minutes after the agreed upon time. Went outside and got hold of the first cab within under 5 seconds, and my friend was in the airport in under 20 minutes for half the fare the hotel wanted to charge us for. There was a bit of an unprofessional reaction from the staff in the hotel to that claiming that the car is coming, nearby and that what we did was wrong. The way this was communicated was very bad, in a thuggish way and left me with a very bad impression. Again, the staff member who was upset most was throwing words in his native language not knowing that other people may understand other languages. I let this slide because if this is the mafia the hotel management has hired to run the show for them, I can only imagine what kind of a mafia sits on top. I will by filing an official complaint about this with IHG head office soon about this incident. 
Simply epic fail!