This is a good property overall. Had a good experience in the dining room and they routinely upgrade me to a corner, which has an L-shaped configuration.
You have to walk down a rather steep hill to get to the waterfront and piers. It's about six blocks. Overall, location is pretty good, though I hear the relatively new Waterfront Marriott is much more convenient to Pike Place Market, etc.
Etta's Seafood and Cutter's are two popular spots, as is Anthony's Pier 66. Closer to the hotel, Metropolitan Grill is highly recommended. There is also an Asian place called Wild Ginger that is very popular with friends of mine. For lunch, you can stroll through the market and get a piping hot bowl of chowder. Many of the more interesting spots are in the Queen Anne area. Seattle really is a fun city. Think San Francisco, with less pretension and better coffee!
Bring an umbrella and have a good time!