Stay away -- worse than motel 6
The location is terrific, but so is every Manhattan hotel. Among all the Manhattan hotels I have stayed in (more than 10), this is the worst BY FAR. The room was smaller than hotels in Japan. There was no shower pressure. The TV was in Spanish, and the guy refused to do anything to fix it (I had skipped out of dinner with friends at my conference to watch a Lakers game). The air conditioner was mounted on a wall at ceiling height, away from the bed, and there was nothing to climb on, so you would have to stand on the edge of the bed and try to peer at/guess at the controls.
Overall, this was the second worst hotel I have every stayed in, and the worst value for money I can remember in a long long time (they charged more than $200 a night).