If he can wait till the week of Thanksgiving (Sunday Nov. 23-Tuesday 25) he can get the Fairfield Inn Manhattan Chelsea for $208/night.
I stayed there a couple years ago. The room was tiny but clean, and the staff was wonderful. Free breakfast included each morning. Neighborhood was very slightly sketchy. I felt ok walking around (and I had my young child with me) even late at night, but I wouldn't have just "hung out" at night.