Adequate
There is a lot of history to to this hotel, and it tends to show in the wrong ways: old-style marble trim in rather drab hallways, for example. The rooms are tiny, i.e normal for New York, and the attempts at Art Deco styling are not very successful. A plus for me was the casement window, which opened. I prefer that to the hermetic HVAC systems of modern hotels. A minus was that there was almost no ledge, and no sink counter, in the bathroom. If you're mot careful, leaning over the sink to splash water on your face can lead to a bonk on the forehead from what ledge there is. 
Apparently certain floors of the building are residential or offices; the upper floors are hotel. It makes for a busy lobby, and annoying security near the elevators. The all-night old-fashioned diner, off the lobby, seems nice on paper but looked hideous from the doorway. The best thing about the hotel is its location a block from Penn Station, allowing for easy access to the subways and the train to Newark Airport.