North Point is located on the eastern part of Hong Kong Island on Victoria Harbour, and is the northernmost point on the island. Hotels in North Point are generally a less expensive option to further east on the island, and there are convenient MTR connections at Fortress Hill, North Point and Quarry Bay stations to get you into town.
But there are some nice hotels here, making the area a popular place to stay in itself including the Harbour Grand Hong Kong Hotel and the East Hotel. If you want to be on Hong Kong Island, and be close to the hiking trails to the east, and the city to the west - and often at a better price - this is a great place to stay.