I stayed at the Belvedere as an alternative to the incredibly over-priced Sheraton several blocks further up I stayed at previously.
Firstly, Belvedere is cheap for its location and for New York City. The 'mini' gym is free here, something which the $300-per-night Sheraton charges for. They can probably charge $100 more and get away with it. New York City prices are beyond silly.
Having said that, Belvedere is lacking in several aspects. Breakfast is not included for the $175 nightly charge. The wireless internte access is expensive and has a low bandwidth - on the 12th floor anyway. The two elevators are quite slow and crammed. A hotel with over 20 storeys needs to rethink its transportation issue.
Most importantly, however, was the cleanliness issue. The room and the bathroom were nominally clean, but I found a long strand of hair beneth the covers on my bed the first night. Hoping it belonged to a maid, and not a previous guest, I allowed the matter to pass. However, on the second night the second bed had flies on it happily roaming upwards. This might be a New York-wide issue or the price for staying near to Times Square, but I am neither comforted nor satisfied.
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