The Peninsula is located on the same street as the Regent, walking distance one to another, which is an ideal location. Personally our Regent stay was very pleasant, staff very polite, gorgeous lobby with a water feature, a cozy lobby bar & a dessert buffet to die for. Few of the Panda's, including us were upgraded to a suite which was a nice feature. But the Peninsula is a SUPER hotel. We walked thru the lobby which is quite charming, had a drink at the lobby bar & browsed around some of the designer's stores that are on the premises. I do not think location should be your priority, but ambiance and price.