The Hope Room is the first room on the right of Ganon’s Tower. Contains two chests (and with them, the hope of ending the big key chase before it even starts). Official item name as referenced in the Customizer and spoiler sheets.
The two chests in the Hope Room are the two chests checked in the Right Side path of Ganon’s Tower. Nearly every race participant will check these two chests first, regardless of which Ganon’s Tower route they plan on taking, Left Side, Right Side, or Dark Magician.
Thanks to Medinoc for suggesting this entry and providing content.