I was there a few months ago. Location can't be beat. Short walk to Fisherman's Wharf. Longer walk to Cannery Row though I didn't do that myself. Woke up to the sounds of sea lions barking from the bay. Loved the hot tub.
Downsides...the parking, of course. All onsite parking is valet (about $20). Internet+unlimited long distance (U.S.) was about $10/day.
I would stay there again for the right price, but sometimes you are limited to $300+ rates. I did like a previous poster mentioned...I've stayed in Salinas (but at the Residence Inn).