New Year's Eve Hotels in New York

The best hotels for New Year's Eve in New York.

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On December 31 each year, New York swells with visitors packing Times Square for the crystal-covered ball drop, hitting up swanky, champagne-laden parties, or indulging in extravagant meals at one of the city's renowned restaurants. However you ring in 2014 in the Big Apple, the night will eventually end, and you'll need a place to rest. Here are Travel Channel and Oyster.com's top hotel picks for New Year's revelers.

1. Casablanca Hotel

Any spot from which one can watch the 12-foot-tall, 6-ton ball drop above Times Square is a coveted one. But a spot where you don't have to jockey with the millions that throng the area? Many people spend thousands for that -- but the cozy, 43-room Casablanca Hotel makes it possible at a fraction of the cost. The hotel doesn't offer rooms with a view, but at 11:45 p.m. the staff gathers guests and heads to the hotel's roof, which affords a perfect view of the 12 o'clock ball drop.

2. Marriott Marquis New York

This 1,949-room behemoth in the middle of Times Square could not be more centrally located for the festivities (and scurrying home afterwards to warm up). Some rooms have views of the ball drop, though they can cost over 1,000 dollars a night. For everyone else, the hotel often hosts a New Year's Eve soiree at which you can watch the ball drop from the hotel's windows (though this too will likely tread into four-figure territory).

3. W New York Times Square

The young and young at heart are drawn to the trendy vibe of the W Times Square, perfectly situated for those braving the Times Square cold on December 31. The hotel's suites and some of its corner rooms overlook the cheering crowds on Broadway. Funky design, a solid in-house gym, friendly and attentive service and great beds make for a memorable holiday stay.

4. The Carlyle, A Rosewood Hotel

A luxurious New Year's Eve awaits at the Carlyle, which spoils guests with classically decorated rooms and formal, white-gloved service. The Carlyle is perfect for a classy evening, or for well-heeled runners who want to be within walking distance from the starting line of the New York Road Runner's annual four-mile Midnight Run. A costume parade and dancing precedes the Central Park race, and when the fireworks explode at midnight the runners get on their way.

5. Renaissance New York Times Square Hotel

The Renaissance New York's intimate, exclusive New Year's Eve party is not for the light of wallet -- prices start at $2,500 per person. So what exactly do the 100 lucky guests get for that kind of money? Open bar access, passed hors d'oeuvres, a 5-course dinner, wine pairings, dancing and an incomparable view.