Stayed here for an Industry Meeting in November for 3 nights. Had a couple of friends come with to enjoy NYC pre Christmas, and they found it very easy to navigate downtown with the free shuttle to the train down to the WTC and Times Square. The hotel was nice, rooms and beds very comfortable, the staff was great, the am breakfast was above average.
Also, they have free shuttle to and from Newark AIrport, but if you choose to drive, it also has free parking! I read other reviews talking about it being in a not so great neighborhood, but did not find that to be the case. We walked to the Italian restaurant called Spanish Pavillion a block away for dinner one night (highly recommend) and then about 2 blocks up the street the next morning for breakfast at Toops Diner (another recommendation) before a full day in NYC.
I would definitely stay here again with a business group of friends who want a nice place to stay with the downtown hotel rates or a concert right down the street at the Newark Arena.