We are taking my mother-in-law to NYC for a show, dinner and a stay between Christmas and New Years, and need a few rooms. Unfortunately, I am unable to find anything in that neighborhood for under $350 + taxes, etc. and that is with a AAA discount. We are going to Radio City, Rockefeller Center, 5th Avenue for some shopping, etc., so we'd want to stay close by. I have stayed in that area numerous times, but not during this week. It is a good $100-150/night more.
I would use points or a certificate but all my points are committed to Rome in the spring and the certs are Cat 5 or less - which does not exist here.