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this thread is old but maybe this will help someone else in need of a cheap, nice hotel.
For tourists the uws ymca at 63rd and central park west is fantastic. its only 125 a night for a single bed, private bathroom and 90dollars if you are willing to share a bath with a few other rooms. The building is well kept and in a fantastic neighborhood, literally feet from central park and only four short blocks to the 59thst/columbus cir station.
If you are afraid of staying in a YMCA setting for some reason, the Milford plaza on 8th ave is also super cheap. Around 150 a night and they just remodeled it. Also in a great location for tourists and only a few blocks to a train station/times square
hope this helps someone.
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