I recommend the Grand Hyatt beside Grand Central Station and the Chrysler Building on 42nd Street.
I've stayed there a good few times and would recommend it without hesitation. A few tips though...avoid eating or drinking in the hotel (in fact I'd say avoid drinking in pretty much any Manhattan hotel). The prices are usually pretty high (e.g. €30 for breakfast, €12 for a beer).
We have stayed at http://www.newyorkpalace.com/ got a better deal directly with the hotel than offered throuh hotel consolidators.
I recommend the Grand Hyatt beside Grand Central Station and the Chrysler Building on 42nd Street.
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