I stay here all the time for business which brings me to my customer in Times Square. The neighborhood is not the best, but it is 2 blocks from the 21st St. Queensbridge station on the F line and only 5 stops from 42nd St. downtown. Clean and decently appointed rooms and a courteous staff. If I had to pick downsides, they would be the neighborhood and the lack of dining options nearby, bur the Subway around the corner is my go-to place after a long day at the office.
The main upside is what you get for your money for the proximity to downtown.