Budget travelers, take note!

New York City is suddenly within your reach!

The Broadway Hotel & Hostel, a self-described “designer hostel” on the Upper West Side, is offering a place to lay your head in the city that never sleeps for just $38 a night. You’ll need to book a reservation between September 22 and October 1 in order to cash in on this deal that’s good through the end of 2008.

And if that’s not enough for penny-pinchers, each reservation comes with a voucher for a free drink at the nearby Kazbar lounge.

The Broadway Hotel & Hostel boasts a surround-sound theater room with couches, a fireplace, a self-service kitchen and dining area, plasma screen TVs, and free wireless internet access. Dorm rooms have European bed linens, ceiling fans, and in-room vanities.

Now for $38 a night you may not feel you’ve got the right to complain, but buyer beware: reviews on TripAdvisor are mixed, with an agerage rating of 2.5/5. The hotel is rated #286 of 368 NYC hotels in terms of popularity, so if you take advantage of this deal, let us know how your stay was!

And if you’re looking for other ways to save in NYC, check out my NYC on the Cheap Guide.

Photo: chrissuderman
Feature photo: michaelnyc