Good central location and good value for money considering its proximity to Times Square, Penn Station, Macy's etc. The room (400) was clean but very tired looking and very basic in terms of its amenities. The beds were comfortable and it was warm even though it was January and 32 degrees.
The main problem is that it was very noisy with people around the lift area. The doors are very thin and it woke us up during the night when people came back late.
Also, charging to leave bags for a few hours on the day of our stay is not great. Also the charging is clearly at the discretion of the host - the hostess said she charged another group $5 per bag but would charge us $10 for multiple small bags. It just leaves a bad taste in the mouth and we would not come back to this place.