Stayed here in March 2012 for a Bachelorette party. What an amazing experience!! We got a hook up on the room so I cannot speak on the value, but I am sure it would not have been cheap otherwise. Room size was what is to be expected from a room in NYC. I think we had a larger suit as It had three full size beds, so none of us had to share a bed. The room decor was really deco / futuristic. I specifically remember the cute guy who took us up to the room having to actually explain to us how to "use" the room. It seemed to use the latest technology even for the lights switches. The bathroom was pretty spacious and very modern as well. The shower curtain was made out of chains! Very different.
The lobby was just amazing. As soon as we walked in, we knew the place was going to be very different from your average hotel. Even in the middle of the day it was dark and had a "lounge" feel to it. The people at the front desk were very good looking and sharply dressed. Service impeccable. I locked myself out of the room and was given a key no questions asked.
At night the lobby turned into a lounge with a very large and pretty packed bar. There was a DJ right in the lobby and music was phenomenal. In fact I thought the music and the vibe was actually better than it was upstairs, in the club. We had to really really persuade the bouncer to let us into the club (located at the top floor). It helped having 10 gorgeous girls with me. The club was very large and loud. Didn't notice a dance floor but people were just dancing everywhere.
The location of the hotel was spectacular. It is right across the street from the Chelsea market where you can get a quick bite. Also, meatpacking district is great.
There is a beautiful pool that unfortunately we did not get to use. The pool is situated on the second floor and the floor of the actual swimming pool is glass and can be seen through the ceiling of the lobby.
I would recommend this hotel to anyone young and hip or anyone seeking a not your average hotel experience. Would love to stay there again.