The hotel is well situated, with a one block walk to the subway station and right across the street from the Museum of Natural History and Central Park. The neighborhood is WONDERFUL. It is definitely a different "flavor" than staying in Midtown, and one that is really, really good. Lots of local residents out walking their dogs, nannies out with their tiny charges and a bevy of restaurants and quirky, eclectic shopping that ranged from second-hand stores to high-end boutiques. Getting in and out of the theater district for shows was easy peasy, even with the rain and snow that we had.
The hotel itself is a marvelous throw-back to an earlier era and is very well maintained. I did not see the "tiredness" that other reviewers posted. It isn't designed to look "modern". The lobby is beautiful, with crystal chandeliers and plus burgundy furnishings that make you feel as if you have stepped back in time. The room itself was super clean and comfortable. The housekeeping staff does a fantastic job and everyone from the door man to the front desk went out of their way to be friendly and helpful. We felt right at home immediately. We reserved a double/double through Travelocity and were upgraded to a double/double suite. The room was very spacious.