Gary said that this is a true New York experience. And that is 100% correct. It’s halfway between the financial district and time square. About a block away from the subway station that will take you either place about in about 10 minutes time. The street is busy and loud, and there’s dozens and dozens of places to eat and/or drink within a stone’s throw. Walk anywhere you want: always felt easy and safe at this location.
The inside is a little lacking in regards to amenities and comfort. In particular, the floors need attention—it is why one reviewer said to wear socks; I would advise that as well. But to be perfectly honest, this is in one of the more expensive areas in Manhattan, so there’s no way you can stay here in a space that is nice as an upscale hotel for this price. Furthermore, there are or no hotels in this area, so if this is an area you want to stay, this is a great option. Just make sure you get complete check-in details prior to arrival.
My suggestion would be this… If you want to enjoy the nicest of imminities and be in the grandness of the Financial District or the craziness of Time Square, then go to those places. BUT, if you want a neighborhood experience and to see what it’s like to live in the West Side/Greenwhich/Chelsea areas of Manhattan, this is probably the perfect place.