I was mildly concerned at the location but with the MTR and Star Ferry close to the hotel you can be in Cental Hong Kong speedily. Do not taxi! That can take hours going in. After dinner of an evening a taxi back is fine although the tunnel adds dramatically to the fare and taxi drivers go to great lengths to make sure you understand before setting off. Still not expensive. The hotel is a good example of the Sheraton brand and should not disappoint. It's much cheaper to stay on the Kowloon side and you have the view back at Hong Kong proper.