I was pleasantly surprised by the Shoreham. Just down the street from the Peninsula, one of the best hotels in NYC, I braced myself for what awaited me at this little hotel. As you walk in, a small lobby greets you, but it is sleek and modern and immediately makes you feel that maybe this won't be so bad after all. It wasn't. The rooms are small, as are the public spaces in general, but they are clean, comfortable and tastefully done. Good use is made of the space available, as even the baths have a chic, contemporary feel to them. If you can get a room at the Shoreham for under $200, grab it. You'll have a good room at a good price in a great location just off 5th Avenue. The worst room at the Peninsula would cost more than twice as much and won't be much better.