It's the Waldorf and an iconic NYC landmark. Yes, it's a bit outdated, but the rooms are a little larger than most of the other hotel rooms that I've stayed in. Bed was very comfortable, lots of big fluffy pillows. Our bathroom was fine. The bathroom cabinets are outdated, but no issues whatsoever. The only downside for us was that it was hard to regulate the temperature and we felt a little stuffy.
I thought the hotel staff was very friendly. There was a NYC buzz about it with tons of people milling about. We also had a drink at The Bull and Bear, which was really nice.
And finally, extremely convenient to all of the major stuff you want to see.
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