Well there are plenty of hotels sitting around the 200 USD per night rate and quite good quality.
Pullman is usually price 300-400 USD per night unless with a big special. Also depends on your corporation. The company my wife works for which is Japanese based has probably a much more restrictive budget compared to some other businesses. I don't know about HK but for Taipei I know they limit their budget to 3,500 TWD per night(which is probably lower than many other corporations nightly budget).

An update on the meeting room. So its been organised but they mention things which just again makes me feel unwelcome.
Meeting room is organised. Water is free but tea and coffee is charged. I actually understand but it again it just feels like small things.
Would have been better if they said that the people in the meeting room will not be allowed to access the food or drinks for free.
I assume we probably can all live without a coffee or tea for an hour or 2. And considering 2 of us will have complimentary access to the lounge anyway we can always go out and bring back a couple of drinks and claim its for ourselves if someone really needs it.