This place is the proverbial king's suit of clothes for hotels. The rooms are spartan and minimalist: a cross between a sanitarium and a college dorm. No carpeting. The only color comes from the (cheap) lampshades. The desk and chair are what you would buy for your pre-schooler so that she could color.
Maybe I'm too old (40's) to appreciate what Morgans Hotel Group is trying to achieve with hipness, but this hotel is definitely not worth the price.