I have stayed here twice now. It is a convenient location for the MTR and the Star Ferry. It is not a great location at night.
The reception / check in / lobby is very good. The bar (Hari's) is very good but noisy croweded and rocking at night (depends what you like).
The rooms are really too small and tired for the price that HI charge.
I now stay elsewhere when in HK for better value for money.