I cannot say enough good things about this hotel. The Executive series of rooms are top-notch! What a great bed, a big room (for NYC), marble floors and bath, great lighting and quiet! The location is ideal as you're 2 blocks from Times Square and the following is all within EASY walking distance: Grand Central Station, Empire State Building, NBC and Rockefeller Center, Ed Sullivan Theater (Letterman), Carnegie Deli, 5th Ave shopping, Broadway shows and too many great restaurants/bars to mention.
The staff is very accomodating and the place has a great neighborhood feel. I can't imagine staying anywhere else on my next trip to NYC.
The hotel offers a great breakfast buffet too - we chose to dine off property the entire time but I've heard it's great too. Based on everything else at the Belvedere, I can't imagine that its anything less than perfect too!
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