Cheap good hotels don't exist in NYC. But for great value for money, this place is hard to beat. Centrally located on the edge of Cninatown, the welcome is very friendly, the rooms modern and clean, the A/C QUIET(!) and the breakfast well above average. Sausage, eggs, bagels, yogurts, cereals, good quality OJ, decent coffee... You'll look long and far to find a better deal.