But to some, it is missing the convenience of say the Sheraton or other hotels in TST, where one can

Planning on visiting Hong Kong for my Diamond Jubilee (60th birthday) in January with my wife and two adult kids. This is our first time in Hong Kong and we would like to stay someplace special travel las vegas packages and on the higher end of the scale. However, we need two rooms so the Peninsula, 4 Seasons, etc. are out of my price range. Since I have a bunch of Starwood points, my first reaction was to check out the W Hotel since it seems to get good reviews. The only thing that concerns me is the location. When I look at a map, it seems that the W is out of the way. Yes? No?
I have stayed at the W and I like the rooms and the view of the harbour from there. The get to the room is bit of a hassle and if you are coming from the street level you will have to go up one set of elevators enter the lobby and then proceed to another set of elevators. Apart from that everything was good with regard travel las vegas packages to the hotel itself. The location is not really walkable to anywhere but it does have a mall and access to the underground and airport express train. Out of all the Starwood properties in Hong Kong this is probably the best IMO.
Hong Kong is a small place, so "out of the way" is relative. The W is just one subway stop from the central business district on Hong Kong Island, for example. Or it is just a short and cheap taxi ride (10 minutes and US$3) to the older parts of Kowloon Peninsula, like Tsim Sha Tsui.
But to some, it is missing the convenience of say the Sheraton or other hotels in TST, where one can walk to hundreds of restaurants in 5 minutes; or hopping on any of the buses and get to the night markets in Mongkok; or stroll to the Star Ferry for a leisure trip across the harbor (vs taking the subway).
Only thing walkable from the W are the shops and restaurants in that huge complex that includes the W, Elements Mall and Ritz Carlton. Forget walking to the rest of Kowloon. And also forget taking the subway travel las vegas packages to the older parts of Kowloon - no or poor connection from the Tung Chung Line.