Went here with a school group in spring of 2005. Price was reasonable and continental breakfast was nice. Location great; convenient to subway, etc. Built in the 1930s; formerly known as the Penn Terminal Hotel. Rooms were odd-shaped; some were small, others were fairly large.
Elevator is small, hallways are narrow, and some windows were closed shut using screws. We found out why when one night, a man attempted to enter our 7th-story room from a window leading to the fire escape. Despite this event, I'd stay here again, at least for the nostalgia!
NOTE: This review refers to a previous management company, but the review of the hotel's location and history may still be useful to travelers thinking of staying at the Regency Inn New York.