Brilliant!
By A Yahoo! Contributor, 12/14/05
Rather than stay in a cookie-cutter shoebox while in NYC, I went to the Olcott on the recommendation of friends, and am glad I did. The first impression that sprang to mind when seeing the hallways and lobby was 'decayed splendor', but this was quite some time ago, and I understand they have renovated since: certainly, the room was modern, very spacious, and clean. As regards location, it's brilliant for Central Park, and is within very easy walking distance of a subway stop; local amenities include restaurants and a deli for breakfast if you don't fancy the hotel's own fare.
All in all, the Olcott offers brilliant value: it's a lovely hotel, conveniently situated, at a frankly astoundingly low price. Recommended wholeheartedly.