Are you a food-lover whose taste outstretches your budget? This value-priced hotel is tucked into a restaurant-lined street in Lower Manhattan’s Chinatown, with authentic and inexpensive Asian eateries right outside your door. The dining temptations of Little Italy are within a 5-minute walk. And Lombardi’s Pizza, reportedly the nation’s first pizzeria, is less than a 10-minute walk. For a vivid glimpse into the immigrant experience, visit the Lower East Side Tenement Museum, less than a half-mile away, and tour the actual apartments where 19th-century newcomers lived and worked. Stroll a few more blocks to the heart of the Lower East Side for Jewish “soul food” at Yonah Schimmel’s Knish Bakery, a New York classic. For up-to-date art and fashion, hoof it 15 minutes to the hip SoHo neighborhood. If your feet are frazzled, you can hop the subway–the nearest stop is just 2 blocks from the New World Hotel. Macy’s and the Empire State Building are a 10-minute ride. Or stay on the B train till you reach Columbus Circle, right across from the oasis of Central Park. Ready to catch 40 winks? Guestrooms are basic, but they offer a couple of nice perks: complimentary Wi-Fi and 32-inch flat-screen TVs with HBO. Choose a room with a private bathroom, or save even more money with shared facilities. Also please note: This hotel does not have elevators.