Convenient location, good prices and reasonably sized rooms for Manhattan make this a very good choice in terms of cost/benefit.
However, our stay was marred by very poor housekeeping (among other things, we had to ask twice, on two separate occasions, to have the room's trash bins emptied - were it not for Mr. Julius, on the night staff, who immediately took matters into his own hands, we'd still be waiting...)
A formal complaint to the front desk about this, and the general sub-par cleaning, went nowhere.