Come for the location, the price and the Art
I have to say we were a little wary because of the mixed reviews, but we were very happy. The staff is very friendly and accommodating, always eager to help. We stayed in the Louis Vuitton room, with a large profile of Madonna over our bed, very cool room. Be prepared that this is a very old hotel that has no AC, has NOT been gutted and renovated to be modern, but the rooms are all hand painted by different artists, so if you appreciate an artsy atmosphere, this is the place for you. The rooms are small, as are the bathrooms that have claw foot tubs with shower curtains and old fashioned sinks with separate hot and cold water, and a very small cabinet, but we have stayed in smaller boutique hotels in NYC for twice the money. The beds were comfortable enough for 2 nights, and the bedding and towels were very good. There are no amenities like a spa or pool, which we don't care about, and the continental breakfast is more of a hostel atmosphere with little stools and no tables, but all in all, we would stay here again. We walked down every floor and hallway to see the art that was displayed, most of which was very good.