The FP Chelsea is okay. Rooms are well decorated, for a FP, but tiny as expected. Windows (at least in my room) went from wall-to-wall left-to-right, but were not tall at all, giving the room a constantly dark look even with bright light outside; could also be from the dark furnishings. Going along the tiny theme is the lobby, which has space for maybe three people in line for check-in; after that it's actually difficult to walk through. The two elevators are small and very slow if you are on a higher floor. Given that the hotel just opened, I'd vote for this over the Sheraton; however, I agree with hvnflyer, check out the Westin Times Square, my favorite *wood property in NYC in terms of location and value.