A celebrity-frequented hotel in Midtown Manhattan has lowered rates to $175 per night -- a savings of up to 50% compared with rates at similar hotels.

Stay at the Blakely Hotel New York over select dates, including Fourth of July and Labor Day weekend:

• $175 ... June 22-30; July 1-9, 26-31; Aug. 25-31; Sept. 1-3 
• $205 ... Aug. 3-24
• $255 ... Sept. 6-13 (regularly $460 during Fashion Week)

Each room features classic English decor with cherry wood furnishings and is outfitted with a kitchenette and marble bathroom with deep-soaking tub. All stays include free Wi-Fi and continental breakfast ($16 value per person) at Abboccato, a 2-star Michelin rated restaurant.

The hotel is within walking distance of Central Park, the Museum of Modern Art and Carnegie Hall. Times Square and the Theater District are also easily accessible by subway.

Note: Reservations must be prepaid and are non-refundable.