Popular among student travelers and Columbia-visiting academics, this upper-Broadway hotel offers a surprising amount of comfort and style for an affordable price. The 282 streamlined rooms (many of which often go for well below $300) all have beds with suede headboards, down duvets, and 300-thread-count Egyptian-cotton linens; other high-style touches include stainless-steel sinks and complimentary Godiva coffee. The 16th-floor garden terrace with its row of Adirondack chairs is a supreme summer lounging spot (the adjacent penthouse, No. 1602, has stunning views of the Hudson River and is worth the splurge). The property will have two restaurants, a bar, and a fitness center by spring 2008.