5-10 min walk from Wan Chai station, 20 min walk to Causeway Bay. It's a nice spot and well furnished to give you some comfort in a bustling city like HK. Lots to explore in the area with a short 15min walk (markets, historical buildings, the harbour, canton style restaurants etc)
Recommended if you want to save a bit of money on accomodation and enjoy the other fruits of the city.