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Hong Kong Octopus

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Maybe my brain is getting fried as I approach this 2 and a half month Asia trip, but I just spend at least a half hour reading about Hong Kong transport and I'm as confused as when I started.

I arrive on a Saturday and leave on a Monday -- slightly less that 48 hours. I think I understand that the Airport Express train costs 100 HK each way -- and there is a 2 trip ticket plus three days unlimited rides on trams, ferry, buses, subway, etc for 300 HK, so it seems like a great deal for me. But I don't understand if I just buy that as a ticket or as an Octopus pass which I believe also has a 50 HK deposit? Is there a difference, or do I just buy the 2 trip Airport plus 3 day ticket? I will want to take the Star Ferry both ways, and certainly up the tram to Victoria, probably some other trips as well.

Also, when I get off the Airport Express at Hong Kong Central, how far is it to the Grand Hyatt? Their website suggests getting a taxi there -- but how far a walk (with a rolling suitcase) is it? Looked close I thought on the map or is there an easy option?

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