The transport in HKG is excellent. so don't limit yourself - I would recommend the YMCA in TST - reasonably priced, excellent location and great hotel facilities.
http://www.ymcahk.org.hk/sales/html/hst001e.htm If you're stuck and rooms are unavailable, try the Novotel in Tung Chung, 15 minutes from Cathay City and also close to "Slashers Arms" (The Aviator Pub) - the Oasis "Recruiting Centre"
http://www.accorhotels-asia.com/6239...l/default.aspx Good luck.