I generally like to stay at 2-3 star places, and this one was far below this level. Generally, you'd expect clean hallways and rooms (yes, they are doing renovations...but I never saw ANY construction or signs of it anywhere. This place was just dirty), you'd also expect water glasses (not plastic Motel 6 things), perhaps a coffee machine, a working AC/Heating system (it wasn't just my room--I froze all night, while another colleague was sweating), and MOST DEFINITELY more than 6 inches between the bed and the TV unit. I have no idea how they managed to get any furniture in this tiny room. I'm a size 2 woman, and I was very cramped.
The staff greeted me at check-in with, "Gimme your credit card and ID." Along with, "we don't have any business credit card on file, your company must have not made a reservation." I find that rather unlikely, not to mention poor customer service. There was no bar (nor could they recommend anything for a weary traveler), just a newsstand. The business center is very expensive (50 cents per minute, and $1 per page for printing). And the overall price compares to what you would get for a 4-star place in any other big city, not this dump. This place does have great historical value, and I'd hate to see it close, but it is in desperate need for new management.
The only redeeming quality (which is why I rated the New Yorker a 2.0) is its location. I highly recommend not to stay here unless you have no other choice.