The Panda Hotel is OK for a short stay in Hong Kong. It's a big hotel and you can't miss it with a panda painted on the side of the building! The reception area was very busy and I had to wait a long time to get my room key without any apology.
My room was a bit small but everything was clean and in good condition. I was annoyed that Internet is charged per hour. This is a problem if you need the internet to work at the hotel.
On the positive, the hotel has a swimming pool and a fitness center. This is quite rare for this price range.
The location of Panda Hotel is just "OK"... it's in Tsuen Wah area and about a 30 minute subway ride to Kowloon or the hotel sometimes has a shuttle bus there. The hotel restaurant is not very good, but if you walk down the street there are fast food restaurants and convenience stores.