This place is apparently under new management as of late November / early December, 2018. We were there for a few nights during the first week of December and were pleased with the service, rate and room. We made our reservations through "Gabriel" on AirBNB and ran into none none of the surprises that some people seem to have issues with earlier in the Fall of 2018.
While the room was small and the hallways narrow, there was no problem with noise, the bed was very comfortable and the bathroom sparkled.
The location, while walkable to the theater district, is not the best, maybe a little on the sketchy side, OK to walk in daylight, but I was more comfortable with Uber/Lyft after dark.
Be aware that hotel space in mid-town NYC is extremely expensive, even more so Monday-Thursday nights. So this place is a comparative bargain, even after adding on the AirBNB Service fees, cleaning fees, NYC hotel taxes, etc.
All that said, I would go here again.