We get a lot of requests for this from artists as well as those visiting Hong Kong. It is really nice after a night out in the Central area to not have to go too far to your hotel.
Hotels are opening every couple of months in Hong Kong so there are quite a few to choose from. If you really want to go no distance at all then check out LKF Hotel. This is right in the centre of the nightlife district in Central.
Our preferred hotel is the Island Pacific Hotel. It is not to far from Central and the rates are decent.
If you do not mind leaving the Central / Sheung Wan area then there are plenty of other hotels all the way along the island from Admiralty to North Point.