I've stayed at this hotel a few times now. The price is usually much better than staying in Manhattan and it's a quick 2 stops on the Subway to be over in Manhattan and only 4 stops to be at Times Square. Taking the subway IS part of the NYC experience!
The hotel is clean and quiet. The bed and linens are nicely upgraded. There is a spacious lobby(rare for NYC) and the staff are pleasant. A morning breakfast is provided.including eggs/bacon and a good selection of juices and "continental" style foods.
Plenty of restaurants nearby. Excellent for business or as a point for leisure trips.