Location is the only advantage
The location of this hotel is very convenient and the price is much less than immediately surrounding hotels. However, we also experienced the loud banging sound in the pipes that kept us awake for most of our first night. The air conditioner did not cool the room--thank goodness the windows opened (although that led to issues with street noise). We came back to the room the second day to find a stained mattress propped in the hallway. It was still there the next morning.
The overall room just seemed a bit dingy and old and the dark carpet showed evidence of staining. This is the first place I've ever been where I was scared to walk around without shoes on. The beds were not super comfortable, but not un-sleepable. The linens were obviously old. I did not check too closely for cleanliness because I figured that "ignorance is bliss" in that situation.
Our shower--which seemed to be an issue with other reviewers--worked fine. On the last day I noticed what seemed to be dried toothpaste on the ceiling??? Not sure what to think about that one since we brushed our teeth at the sink.
Also, do not use the transportation desk services!!! The shuttle that they arranged for us from JFK to the hotel was horrible and since they are a "separate company" the hotel refused to acknowledge responsibility even though they promote the services on their website.
I sent feedback to the hotel and the Guest Relations person who response expressed appropriate embarrassment, but refused my request for a refund. All I was offered was 20% off on a future stay and the vague promise that they would "try their very best" to put us in an upgraded room.
There are plenty of other hotels in NYC and I am not willing to take my chances on this one again.