Charming hotel in the heart of NYC
Not a full service hotel, but if you're not bothered by that, you'll love this place. The hotel is intimate, quiet, and has the feel of old New York...or at least what I imagine old New York to feel like. We booked the suite for our family of four and found it lacking for nothing--especially for the price. The room was nicely decorated and included a comfortable king sized bed, a sofa with pullout, and a wing back chair and ottoman. The bathroom was extremely clean and bright with a pedestal sink and a deep bathtub, perfect for soaking. I even had a small room just to apply my makeup and style my hair. We had no trouble with noise even at the height of summer time, and the drapes were appropriately heavy, blocking out the city lights.The room included an armoire with a TV and DVD player which we made use of each evening to entertain the kids. 
The staff were exceedingly friendly and helpful, answering questions, giving recommendations, and even assisting with our luggage after we checked out. 
As far as location is concerned, this place can't be beat. Radio City Music Hall to the left, St. Patrick's Cathedral to the right, Rockefeller Center straight ahead, Broadway just down the street. It's a fairly quick walk to the Empire State Building and the Garment District, and we made it to Central Park in no time. Also, if you've forgotten something or just need to buy toiletries, water, or other items, there's a Duane Reede less than a block away. Plentiful shops abound--clothes, shoes, and everything else--we didn't get to do much shopping this go around, but will plan on it for next time. Parking is pretty convenient, as well--two parking garages are available for the hotel's use. 
We will definitely return.