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Priceline.com for Rutherford NJ. Lowball bid around 100 for a toprated ( for the area hotel) and you will get the Sheraton . That's what I've done for years. I recommend it highly. 15 minute drive to the show or you can take the train in. Drive is a little quicker, train is a lot cheaper. We rented 5 rooms this year just because the size of our group.
There are hotels just over the bridge at less than $100 a night too if you don't mind budget hotels (motel 6, ect). If you are looking for more upscale, I will recommend the Hotel Indigo in Rahway, NJ. The train to NYC in right next to it. I think it is about a 25 min trip in, but it is only about $125/night for a nice, big room.I couldn't help myself though. I'm staying off Broadway in a teeny-tiny room with 2-3 other people XD. I'm just thinking about the cost as translating into needed hotel points.... :-\.