We were three people sharing a room with two double beds, and it was definitely worth every penny. The hotel is pretty and clean, the room was large enough and came with a balcony. The receptionist Chris was welcoming and very nice. The Subway to Manhattan took 10 minutes or so, which was fine - except when my shopping bags got a bit too heavy;) On the downside, the breakfast was a bit poor at 9.45 - only bagels with raisins left, and no more orange juice. So we learned to get up earlier. Another problem was the wifi, I could not get it to connect on the 8th floor, so I had to sit in the lobby to be online. This was only a problem for the iPhone and iPad devices (I also heard a couple of other people complaining, the receptionist tried to restart the router, but no use) for android phones it worked well everywhere. The A/C smelled a bit damp sometimes, could maybe do with a cleaning.
To sum up, for the price we paid it was an awesome hotel, and I would stay there again if I'm in New York on a budget trip once more.