I had the pleasure of staying at the NYC Edition (at the government rate ) for three nights in July 2017. Bottom line: I was very impressed. This is advertised as a luxury property, and it definitely is, although not guests will appreciate the modern/minimalist scheme.
I'll start with first impressions of the actual property. You won't know this until you get into the hotel, but the hotel has a signature scent and you can smell it from the street. I think it's phenomenal. It's a Le Labo scent crafted especially for the hotel, which, according to my research may be "The Noir 29." Not totally sure, but whatever it is, it's perfect.
I'd previously emailed the concierge about a potential upgrade as a Gold MR member, because I wasn't sure if they made those available. I'm not sure whether that email helped, but I was upgraded to what I believe is a "Superior" corner room, with views east and south. Phenomenal (see pictures.) The room, on the 30th floor, was spacious, including a workspace and really large wall-mounted and fully adjustable TV.
The bathroom was incredibly spacious. Shower had the rainfall above, and handheld wall-mounted showerhead as well. Lots of high-priced in room shopping options, from sunglasses to liquor and snacks.
For the cons: elevators can be a tiny bit slow, and they are on the small side. I read a comment about the lack of a lounge and in room coffee. I think the lounge would be a definite upgrade, but I never ever drink in room coffee so I didn't mind that at all. It was a bit annoying to have to call for ice any time I wanted it. I kind of felt bad disturbing people for a request like that. Also, I took advantage of the complimentary shoe shine service, but needed to touch them up when I get them back as the shiner didn't apply the polish evenly, or rub it off well enough, so there were some areas that needed to be rubbed further. Small details that matter.
The location is great, also, There are multiple subway stations nearby. Madison Square Park across the street featured music performances while I was there. Nice restaurants in walking distance, including Eataly which is an Italian food (and more) haven across the park. Perfectly safe area, it seemed.
Overall I like the property a lot, even not having utilized the bar area, which seems to be a popular spot. I'm sure the prices are commensurate with the room rates.