It was a wonderful experience. The pictures are quite accurate though somehow it feels more spacious than I'd expected. The bed was very comfortable. The location is terrific -- a short walk to four different subway lines that get you into mid-town Manhattan in under half an hour, and a 15-minute bus ride to the TKTS booth in South Street Seaport where the wait is usually less that five minutes. Comfortable walk to a brand new food market with local vendors, and a short walk to Target and Trader Joe's. You can get just about anything you need at those three places. I can't comment on the trendiness of the neighborhood (I'm far from young), but there seemed to be plenty of young people enjoying themselves. Lots of restaurants and lots of choices.
I'd stay there again in a heartbeat.