I bought this movie without seeing it before hand (which is how I see a lot of Hong Kong movies), and thought it just another Chow Yun-Fat vehicle, which was, to be honest with you, fine by me. I thought it would just plain be interesting to see CYF in a western. Well listen, in this movie, it's the acting that shines, not so much the gunplay. Sure, we lead junkies get our fix with a gunfight (and an even cooler sword fight), but the story here is deep. Much deeper than I expected. For one thing, subtlety is at play here, and that's a new thing for me while watching Hong Kong movies. I mean, I suppose it was there before, in other movies, and maybe I didn't pick up on it (d'oh! I think this sentence is turning into an oxymoron...), but here they don't slap you in the face with plot points, and they leave you to your own devices to try to figure out what a character is thinking and feeling. Some people may not care for that, but it always impresses me when a film doesn't insult it's audience's intelligence and perceptiveness.
Peace Hotel is a visually impressive movie as well. The film appears to have been washed, giving everything a dusty brown tint to it, which lends itself to great atmosphere in a western. There are subtle little tricks that may or may not have been intended by the director, such as...well, I'm not going to ruin it for you. It's quite an interesting film, and anyone who wants to see Chow Yun-Fat's acting chops should give it a try.