Update (June 19, 10 a.m. ET): Premium rooms are now sold out on June 23; Aug. 25.

Nab innovative accommodations at the YOTEL New York near Times Square, where rates have been cut by up to 45% for summer stays.

As an added perk, all guests get free morning muffins and Wi-Fi.

• June
  Sundays ... $153 (US$149)
  Fridays-Saturdays ... $184 (US$179)
• July-August
  Sundays ... $133 (US$129)
  Mondays-Saturdays ... $163 (US$159)

Rather than traditional rooms, this hotel has "cabins" with iPod docks and Monsoon showers. The space is compact but every inch has been put to use -- a breakfast tray doubles as a laptop table, and a queen-sized bed converts to a couch at the touch of a button. 

Upgrade to a cabin with city views for US$15 more per night. For US$200 more per night, indulge in a sprawling 620-square-foot cabin with a king bed and a terrace with an outdoor hot tub.

Not available on: July 3-4, 12-14; Aug. 17-21 (rooms might be available at a higher rate)

Note: Prices will be quoted in U.S. dollars.

Travelzoo Tip: Hop a flight to The Big Apple from cities across Canada and save up to US$200 on regular roundtrip prices.