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

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

Visit Mondays-Saturdays, July 8 - Aug. 31, for $159 per night. Sundays are an even better deal at $129 per night.

Fridays and Saturdays in June have been discounted to $179 per night (reg. $299) and Sundays are $149 per night.

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 $15 more per night. For $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: Aug. 17-21 (rooms might be available at a higher rate)