New Yorkers know that location is king. Situated a few blocks from the excitement of Times Square and idyllic Bryant Park, the 4-star Cassa Hotel is $199 per night this winter.

Besides slashing as much as 45% off rates at similar hotels, this deal is available over Christmas and Valentine's Day -- visit Dec. 14-25 or January-March.

Settle into a stylish guest room with an iPod docking station and a double-size bed made with luxurious Frette linens. For $26 more per night, upgrade to a slightly larger room with a queen bed. 

Take a five-minute walk to catch a Broadway show or stroll three blocks east to admire Grand Central Terminal before catching the subway to explore more of the city.

Not available on: Jan. 16

Travelzoo Tip: Over the holidays, nearby Bryant Park turns into a charming open-air bazaar complete with an ice-skating rink, but don't worry about packing skates -- rentals are available.