For my three nights in Hong Kong, I stayed at the Hyatt Regency Tsim Sha Tsui. The hotel occupies part of a mixed-use building in Kowloon, shared with a mall on the ground floor and residences on the higher floors.
Room rates were hovering a bit north of 250USD/nt, so I decided to redeem 15k points/nt for my stay. This was done as very practical booking, rather than an aspirational one. Further, category 4 standard rooms were untouched in the great Hyatt devaluation.