Reasonably priced
The location of Wolcott Hotel is perfect, just behind the corner of Empire State building. Time Square and many sights are within walking distance. We had a 7 day accommodation there in the beginning of June 2012. Our room was twin room with own bathroom and shower. Both room and bathroom were spacious. Wardrobe, huge TV, kettle, safety box, radio and air condition was included.
The small minus was the view from the window. When you had your room with window to the inner court you can avoid the traffic noise (our room was really quiet). But in that case you don’t have any view from the windows - your window is quite close to the opposite wall. For us it was ok, because we did not spend our time at the hotel except during night time. The other a bigger minus was the chargeable internet connection. There were Wi-Fi available, but it wasn’t included to the room rate. That is a lack. The hotel lobby was beautiful, clean and well decorated. The reception personnel were professional, but the service wasn’t exceptionally friendly. Breakfast was served at hotel lobby and it was quite boring: coffee, tea and cupcakes. 
Anyway, we had nice time in New York and I should recommend this hotel to everyone who would like to have the accommodation in the middle of Manhattan with reasonable price.