Given the price level for hotel rooms in New York ...

Given the price level for hotel rooms in New York which is absolutely crazy I think that this hotel is a reasonable choice if you can get the discount for booking in advance. The location is great and the staff I met was friendly and helpful.

In my opinion the "Manhatten at Times Square Hotel" offers a reasonable compromise. The infrastructure is pretty old (in fact my room looked like it has not been refurbished for at least 40 years) but the everything is clean, the bed was good, there was a chest of drawers, a desk and a built-in closet in my room as well as a huge TV (which I didn't really need - I don't pay hundreds of dollars per night to watch TV, right?).
What I find totally inacceptable is that they think that they can charge 15$ per day for internet access in the year 2013. This is New York! You can get internet for free at Starbucks so you should get it in a hotel room that costs hundreds of dollars...