If your spalshing out for a crimbo stay then the Grand Hyat hotel/palace is awesome.

http://grandnewyork.hyatt.com/hyatt/...GFAF4OCJWYOUP4

Best xmas and new year i have ever experienced...


As for a budget boozy break/shop in my younger years/college years I stayed at the NYC YMCA - basic but by know means grotty -
I would say like a 3 star over here, has a ppol ang gym etc.