$99 a night for a hotel with the bathroom down the hall might sound a bit expensive, but in New York City any hotel for less than $100 a night is a bargain. The newly opened

Jane Hotel is in a historic space in a “red lighthouse of a building in Greenwich Village”. The building was built in 1907 and has housed sailors and titanic survivors. Now the target audience is young people who might otherwise be looking at a hostel. All rooms will have free wi-fi and flat screen TVs but cannot be described as spacious as 150 of the 200 rooms are only 50 square feet in size.