Best Value Hotels in New York City

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Some argue that there's no such thing as a good value when it comes to New York City hotels. Indeed, even if you compare hotels with comparable levels of service, amenities, and luxury, Big Apple properties are more expensive than their counterparts in virtually every other American city. But, of course, New York isn't every other American city -- and those who travel there, whether for business or pleasure, don't want to be anywhere else. Happily, an increase in New York City hotel room supply, and a recession-induced reduction in demand, has resulted in some of the lowest prices in years, making it an ideal time to visit. What's more, it's possible to identify values within the universe of New York City hotels. What follows is our list -- compiled after sleeping in more than 100 area properties -- of the New York City hotels that offer the most for the money.

  1. Opened in 2008, this modern 226-room Holiday Inn is a great value. Rooms are small but clean and all have flat-screen TVs, free Wi-Fi, and comfy beds. The on-site gym and business center are bonuses at these prices. And the location in artsy Chelsea is a 20-minute walk, or a ten-minute cab or subway ride, from the popular tourist draws like Times Square (to the north) and SoHo (to the south).

  2. Located on an unpopular side street, a bit cut off from most major attractions (though they are all accessible by subway), this 228-room Holiday Inn Express is significantly cheaper than its sisters, and just about every other hotel in New York. Given its free Wi-Fi, breakfast, and 24 hour gym, plus a cute outdoor courtyard, it's an incredible value.

  3. When a good bed and a little desk space are all you need, the 158-room Four Points by Sheraton delivers, and then some -- you also get free Wi-Fi; printing; a gym; business center; and room service. It's near the Chelsea art galleries, restaurants, and ample subway lines, too. But be sure to compare rates to the comparable Holiday Inn 6th Avenue before booking.

  4. Located on the quiet, classy Upper East Side -- close to Central Park, but far from NYC's best nightlife -- the 1930s-era Franklin brings old Gotham romance to a modern boutique. Rooms are small but stylish and come with free Wi-Fi and excellent Bulgari toiletries. High-quality free breakfasts and a reasonable price tag make it a great pick outside the tourist zone.

  5. Tucked into a quiet, classy, residential side street on the Upper West Side, this 250-room boutique comes with snazzy touches like a 16th-floor common terrace, a top-notch gym, friendly doormen, and good-size designer rooms with excellent beds. On the Ave is a great pick for anyone looking to explore -- and experience -- New York as New Yorkers do.

  6. Excellent beds, great service, and attention to functionality means an easy stay in Midtown East, near Bloomingdale's and other major shopping destinations -- all for a great price. The neighborhood doesn't have much nightlife, but the on-site Opia bar is pretty happening.

  7. The ethos of the Seattle-based mini-chain behind this hotel is "affordability without sacrifice" -- and the Ace New York lives up to that billing. Though it's located in a distinctly unhip stretch of Murray Hill, the meticulously curated, vintage-inspired design touches make the Ace New York as cool, comfortable, and inviting in its own way as any fancy downtown hipster boutique.

  8. The idea of the 366-room Pod 39 hotel is to offer very small rooms (even by New York City standards, a city notorious for small hotels rooms) for low prices (again, by New York City standards). Rooms range from 55 to 140 square feet, and prices start at $119 per night. The smallest rooms, or pods, only fit one person, but all have private bathrooms and smart design touches, like storage under the bed, train-inspired coat hooks, double flat-screen TVs for guests in bunk beds, and both outlets and a "cell phone" close to the pillows. There are three seriously cool -- and colorful -- public spaces: an upscale Mexican restaurant, a rooftop bar with unique architecture, and a hangout space called the Playroom. The hotel keeps prices low by cutting back on amenities and services, but it's a great option for anyone who wants a low price tag without sacrificing cleanliness, comfort, and style.

  9. With a world-class gym and spa, plus dozens of customized amenities, the all-suites Dumont is a phenomenal option if you're looking for an urban spa getaway. More than that, it's an excellent high-end choice overall, as long as you don't mind hiking a bit to NYC's main tourist haunts. Prices can sometimes be steep, but when rates dip near $200 per night, it's a steal.

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