1.Advantages: good location, excellent service, clean, 1st floor offers free coffee tastes better in this price near the Grand Central Station.
2. Disadvantages: less noise, no refrigerator in the room.
Well as a lot of people pointed out this hotel is pretty outdated. The room decoration is pretty much not existing and you can never compare it with a "decent hotel room". Yet it can still be called decent and clean, and all basic equipment are present. And one thing that will let me surely pick this hotel is its location. It is right opposite to Madison Square Garden and Penn Station, and is within walkable distance to Time Square. With such price level I really can't find another good deal like this. The location prevails than everything in this case.