Great no frills stay- as others have mentioned, the rooms are small but that is normal in Hong Kong. The rooms are clean and come up a water kettle, mini fridge, nightstand/lamp, desk, mugs, free bottled water, air conditioner, clothes hangers, toiletries, and of course, beds! The rooms are clean.
The location is great! The block the hotel is on may not look 100% wonderful but apart from aesthetics, it is 100% safe and is very close to many great food options and transportation. It is about a 5-minute walk from Olympic Station, which can get you to HK Island and the airport easily via Tung Chung or Shenzhen through the West Rail Line via Tin Shui Wai. Olympian City is just 6 minutes away and there is great shopping and food, including Tim Ho Wan.
The biggest point of improvement is the Internet. The WiFi in my room is weak and slow, although the neighboring room's network is decent, which I ended up using most of my stay. An easy workaround is walking to McDonald's down the street to use their fast, free WiFi.