Just wanted to let people know about some alternate possibilities in NJ that are close to buses to NYC.
All of these hotels are in Secaucus right across the river in NJ and have a bus stop for a New Jersey Transit Bus to New York (Route 320) very close, alot of them right outside the hotel.
Hampton Inn, 250 Harmon Meadow Blvd
Courtyard By Marriott, 455 Harmon Meadow Blvd
Embassy Suites 455 Plaza Drive
Holiday Inn, 300 Plaza Drive
Hyatt Place, 575 Park Plaza Drive
LaQuinta, 350 Lighting way
These hotels are 20-25 minutes away from Penn Station via bus on the weekend and 30-35 minutes during the week at rush hour.
Currently (September 5th) the LaQuinta Suites is available at $99 a night plus tax via Booking.com
Here is the bus schedulehttp://www.njtransit.com/pdf/bus/T0320.pdf
LaQuinta is at the Lighting Way bus stop while all others are at the Plaza Dr/Harmon Meadow Blvd Stop.