I have stayed at the Candlewood Suites a few times, parking is free, its a couple of blocks to the PATH station, the hotel has a shuttle bus that will take you if you don't want to walk...The Hyatt would be a better location, but the Candlewood offers a stove and refrigerator, there is a Shop Rite Supermarket within walking distance, you can go real cheap and have some meals back in the room, then splurge on a great restaurant in NYC. You could also take the water taxi that is near the Candlewood as well. If you have a car, check out a restaurant in Hoboken, NJ on Washington Street, Arthur's Tavern; the signature dish is a 24 oz. Ribeye Steak. At $17.95, this is a bargain, it comes with red skin potatoes. Order the wedge of lettuce with blue cheese crumbles and a few pints of Bass Ale....your meal will set you back, with tip, about $35.00. Parking is a difficult in Hoboken, but there is a garage one street over from Arthur's. Many other restaurants in Hoboken on Washington Street, it is a real scene in the evenings, lots of activity and some open air dining options too; I've always gone to Arthurs, though, as I always seem to compare the steaks from other restaurants to Arthurs.