Best Value Hotels in Hong Kong

The luxurious, 324-room Hotel Panorama is the Rhombus chain's crown jewel in Hong Kong. This contemporary waterfront high-rise, located in the popular tourist area of Tsim Sha Tsui, boasts panoramic views of beautiful Victoria Harbour and the city. The modern, sophisticated rooms, though small, have mirrors behind the beds to make the space appear bigger, as well as modern perks including flat-screen TVs, minibars and iPod docks. The bathrooms are more enclosed than those at its sister properties, and have narrow shower/tub combos (or shower/tub combos plus a separate walk-in shower) and shiny black counters. Amenities are extensive -- two restaurants serving all three meals (the casual Cafe Express and trendy Ava Slash Bar, with great views), a fitness center, meeting rooms, and a "Sky Garden" with putting green overlooking the harbor -- and for the often affordable rates, it's a steal.

From its height and swanky entrance to the minimal, upscale look of its guest rooms, the mid-range Hotel de Edge is a contemporary -- and affordable -- new addition to Hong Kong's skyline. Like most hotels in the city, de Edge lacks ample space, but the stylish rooms -- with light wood finishes and natural light -- feel bigger, and are actually much larger than the rooms at sister Hotel Bonaparte. The beds, though they may be a bit hard for some, feature crisp white bedding, and unobstructed windows offer views of the harbor. Each room offers a flat-screen TV, iPod dock, and DVD player. The bathrooms are chic and clean, but the open layout might bother visitors who prefer more privacy. Guests can grab a cocktail or bite to eat the trendy restaurant, Glo, though because of its small size it can become quite crowded. At night, the hotel serves guests free tea and cookies, which is a thoughtful touch.

The 381-room Hyatt Regency sits atop a six-story shopping mall in the heart of Tsim Sha Tsui, a popular tourist area known for its museums, historic sights, and shops. The Hyatt Regency has everything one would expect to find in an upscale chain hotel: contemporary rooms with plush beds, marble bathrooms, and high-tech amenities; both casual and fine dining options; and an attractive pool. Spectacular vistas of Victoria Harbour and Hong Kong Island can be viewed from some guest rooms, the gym, and a few common areas. All in all, the property is a great luxury pick, though it lacks a spa. While fees for Internet and parking may leave some guests feeling nickel-and-dimed, the hotel actually offers a solid value with tons of amenities and, for a luxury hotel, reasonable rates.

Flanked on either side by tall, skinny buildings, the mid-range, 80-room Hotel Bonaparte can feel a bit claustrophobic even from the outside. And inside is no different: The all-black lobby, while swanky, is tiny with low ceilings. And the rooms are even smaller than most in this city -- it may take a minute to decide how best to navigate the minuscule space if there is more than one person in the room at a time. Still, the price is right and the rooms are clean with updated amenities such as flat-screen TVs, free minibars, and modern platform beds. The property lacks a spa, fitness center, and meeting spaces, but there is a small cafe with a good happy hour special. With a central location near major metro lines, Hotel Bonaparte is a good option for both business travelers and tourists who are used to capsule hotels and want to save some green.

This 240-room Courtyard by Marriott has all the basics of an upscale business chain hotel -- a modern fitness center, a solid restaurant and a lobby bar, a well-equipped business center, and free Wi-Fi -- but it's a good pick for families as well. Rooms, though somewhat small (typical of Hong Kong), offer great amenities, including small sitting areas, mini-fridges, signature bedding, flat-screen TVs, and marble bathrooms with sleek rainfall showerheads. The highlight, however, are the great harbor and city views from most rooms and the gym. While location is not central, the hotel does offer free shuttle service to Central, Admiralty, and the Macau Ferry Terminal. Four a four-pearl hotel, it's a good value.

This 614-room hotel is a nice mid-range pick for business and leisure travelers alike. It has an excellent location in Tsim Sha Tsui, a block from the subway and within walking distance to shopping and major attractions. Rooms are fairly spacious (by Hong Kong standards), and come equipped with minibars, free tea and coffee, flat-screen TVs and iPod docks, but they're showing wear and tear, and there's a fee for Wi-Fi. The large rooftop pool, the Family Rooms, and the varied dining options on-site make it a solid pick for families, but some guests complain about the seedy vibe outside the hotel at night. There's also a spa, complete with a sauna and a steam room that guests can use free of charge, and a bright, modern fitness center.