The Luk Kwok hotel was great. The rooms were very big for a Hong Kong hotel and the service was excellent. The location is very central - it is only a short ride to the business district and all forms of dining and entertainment. There is a great French fast-food restaurant right around the corner from the hotel - I can't remember the name, but someone at the front desk should know. If you can afford the sometimes very expensive rates, I highly recommend this hotel.
Note: I have seen this hotel listed for as low as $100 on the internet, so shop around.