I've not been yet to The Time Hotel as my stay will start the 29th of december. But waht I can already say is that the team there has been very responsive and very helpful.
Charlie (Director of Front Office Operations) and Jay (concierge) have helped me to prepare my trip and I can say that I'm already more than happy about the service they offered me.

I don't know the inside of the hotel yet, but I can already say that the location is terrific as I already went in NY last year. So looking at the quality of the service, I already know that my stay can only be PERFECT.

Will give a more detailed review after my stay

We stayed for 5 nights at The Time this December. The staff were very friendly and helpful including arranging a hire car for the rest of our stay and transport from the airport to the hotel. The location was excellent being right in Time Square, next to Broadway and only a short walk from Central park, 5th Avenue and the Rockefeller and Empire State buildings.
The room was a great disapointment and we asked to change rooms but the hotel was full. We really considered checking out and finding another hotel. The room was a very small box room with a long corridor. There wasn't space anywhere in the room to even open your suitcase fully, they had to be lifted onto the bed each time you wanted to open them. The carpets were dirty with stains and dust and the air con unit was coming away from the wall and the vent was full of old dust. The walls were dirty and in need of paint and covered with holes from knocks and scrapes. The bathroom was tired and the floor tiles moved around when you walked on them. The hotel advertised high speed wi fi and charged you $6 a day to use it but it was very very slow. The TV wasn't tuned in and any channels we could find had poor signal strength. The hotel advertised movies on demand but when I enquired about this I was told it wasn't available. I know you don't go to New York to stay in your room but after a full day sight seeing etc somewhere nice to relax in is important. This room was not somewhere nice. Would I stay at The Time again? No. The best thing about this hotel were the staff.

The location was excellent close and convenient to theater. The room was very small but the service was great. We had a plumbing problem and the staff responded immediately and apologized profusely. The concierge took care of our every need. All of the staff was friendly and helpful. The room had no view but the hotel was less expensive than other Times Square hotels.

Stayed here 12/1/12 with my two daughters and two grandchildren. It was great! There is a parking garage directly across from the hotel where we parked our car and then we were able to walk to Time Square, Radio City Music Hall, Empire State Building and more. We had a king suite and were very comfortable. The staff is extremely friendly. Oh and we were able to leave our luggage even after we checked out for a small fee. We had dessert in the restaurant and it was amazing. The only negative was that our shower was only lukewarm.