If you're lucky you can save some money and Priceline your way into the Hyatt in Monterey for a $50 bid on a 3* in that area.
Tarpy's is great for dinner--the grilled artichoke appetizer is excellent. Passionfish has great seafood in Pacific Grove along with the most reasonably priced wine list in the area. If it's not foggy you can drive down to Big Sur and have dinner at Ventana or Nepenthe along with some awesome views of the Pacific.