If you are looking for a luxurious setting or rooms, not really the place for you. However, if you are looking for a centrally located "decent" hotel, with friendly staff, this is definitely the place.
Located 1 block away from Penn. Station (and therefore super convenient if arriving by train), this hotel is a fairly easy walk away from Central Park (1 mile north), the High Line Elevated Park (1/2 mile to the West), or Chelsea (1 mile south), as well as many other locations.
We were slightly dismayed on arrival, because: (a) the check-in line was a bit lengthy; and (b) the main elevators weren't working. However, we were upgraded (to a balcony room) just by asking nicely (balcony = absolutely worth it, even if paying!). And, the hotel staff worked very hard to direct folks to service elevators (this was only temporary and the problem was fixed within 1 hour) and were very polite and extremely apologetic about the (slight) inconvenience.
Rooms were a bit on the small side, but were always promptly cleaned and furnished with new towels.
While not really the highlight of the trip (hotel really isn't the point of visiting NYC, is it?), it was the perfect background for the trip. That is, we never experienced any really problems with the hotel, so we were free to enjoy our weekend. As far as I'm concerned, we got exactly what we hoped for in the New Yorker hotel.
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