Helen - I've been to HK a couple of times and you have to make a decision on whether you want to be on Hong Kong island or on the mainland at Kowloon. I have done both and prefer Hong Kong Island. Hotels in general are not very expensive in HK and I imagine a good agent (Sally Watkins on this board ?) can get you excellent rates. It is very easy, safe (in my experience) and cheap to get around using public transport so location is not necessarily a limiting factor. E-mail me if you are interested in more detailed information. Be aware that rooms are pretty small unless you go upmarket.