375 - 377 Queen's Road East Wan Chai, Hong Kong, Hong Kong
My favorite thing about Cosmo Hotel is definitely the price - I paid about 800 HKD on a weeknight. This included WiFi, but breakfast was extra.
I stayed in a Standard Room. It was small, but fine for one person. The bed was comfortable and it had all the modern technology - ipod dock, satellite tv, broadband, etc. Everything was very, very clean.
The location is pretty good too and you can walk to Times Square in 10 minutes.