Hakuna Matata!
Great hotel if you are seeing a show. It's an easy 5 minute taxi ride or 15 minute walk to the theatre district. I stayed overnight with my girlfriend on a June Saturday night to see the Lion King. We had a great time.
The value was excellent. Paid $180 on a Priceline bid ($140 bid + $40 fees). The room was small, but it's NYC.... The room had a comfortable bed, nice bathroom, was quiet, free of pests, and clean, except the windows which were very dirty. We stayed on the 2nd floor which was great, b/c we didn't have to wait for the elevator as they are very slow. We just took the stairs.
Service at the hotel was great. They were well staffed so you didn't have to wait at check in. I called the desk to request some extra bath supplies be brought to the room, and they were delivered quickly.