No no! It's a Trap!
I book NYC hotels via Priceline on a regular basis. I often can get a 4-star or above for around $200, but for this trip I was staying 5 days and needed two rooms. So when I couldn't get around that price, I dropped my 4-star requirement down to what Priceline calls a 3.5-star. Snagged a room for about $260/night and did some research on this place. It looked nice enough - I wasn't concerned. Well...I can tell you after staying there for five days...buyer beware. This hotel is possibly the worst hotel I've ever had the displeasure of occupying while in NYC. 
It all started with arrival. This hotel does NOT have valet service. What they have is an arrangement with the local garage for a $55/day parking service. Often your car sits in front of the hotel for hours before it is actually parked. If you take your car out for any reason, its an additional $55 charge. Even worse, you can't simply just call for your car - you have to go through the never-ending front desk line to get a sticker on your ticket before getting into your car. So your parking options are expensive and inconvenient. 
I also had no help with baggage check-in. I believe they have a single employee for the entire hotel - and its a big hotel.
That leads to the staff - In general, nearly every single person I met who worked at this establishment hated life or their job - I couldn't quite figure out which. There were literally two people during my stay that obviously cared about the patrons.
My initial room was a nightmare. After I checked in and went to the room, I found it was propped open and not prepared. I noticed also that the A/C did not work. I am not a confrontational person, so I decided to leave and come back later. 2 hours later it was still in disrepair - no bedding, etc - and the A/C still did not work. When I inquired down at the front desk (again, another line to talk to anyone), I was told I could not be switched and they would send a tech up to fix the A/C. After a bit of research, and multiple conflicting reports from staff, I found out they had turned OFF the A/C for the building. So it was not going to work either way. I waited another hour and then demanded to see another manager. That manager, one of the nicer folks at the hotel, was accommodating and put me into a new room which was relative cooler - even if the A/C was not working. I could open the windows as well.
The service took another hit when I found out a package we had been waiting for for two days had already been delivered and signed for by an employee of the hotel. We were not informed of its arrival. After speaking to Fedex we were able to identify the hotel employee that signed for it, however the staff could still not find the actual package. It was only after excessive demands that we asked them to keep looking. Eventually they found it - two days after delivery - as I said before. They then had the gall to charge us a delivery fee for the package.
A few other quick hit issues: The safe in my room malfunctioned almost immediately; I walked by a cleaning lady who was literally smoking pot - no joke; the elevator system is in a significant state of disrepair on one side of the hotel - usually only one worked; the restaurant was very much overpriced (not uncommon for NYC) but the wait staff were downright rude.
And finally - I found out, by a rather talkative attendant that the rooms booked through Priceline are usually rooms on the first few floors where they do not provide basics like a functioning ice machine and coffee maker. I will be speaking to Priceline about this arrangement as I believe it is deceptive to imply a hotel is 3.5 stars when in reality the room you are booking is closer to a 2 star.
On the plus side, there was no bed bugs and it was in a great location.