We stayed here in December 2012 and everything about this resort is great except you have to ask for an oceanview room guaranteed before you book and pay. We did not get that, and we were on the jungle side, which wasn't bad, it was just that we wanted an oceanview room and there was no way to get one from the front desk, even if we offered to pay more money. The restaurant is great but a bit pricey, the beach is lovely and the snorkelling is nice. The hot tub did not work at all so don't expect it to work because it did not work the week before either. Staff was extremely friendly and helpful. Close to town (15 minute walk) and near the airport. Free wifi.

We;ve stayed here at least 6 times in the last 20 years. We love the service we get from the staff, the cleanliness of the rooms, and the convenience of snorkeling. The location about 1.5 miles from town makes it a nice walk, or a short taxi ride. It's well away from the cruise ship bustle at the other end of town. The reef at the hotel took a real hit in the last hurricane, but it's coming back! More coral and fish this year than last.

Food at the restaurant is good, reasonably priced, and the staff took good care of us.

Anytime we asked for assistance with travel plans, tours, rentals etc, or just questions about what we saw around us--we got lots of help.

The Coral Princess is a smaller (about the size of a US hotel) quiet resort. It is the first resort in the Northern zone (north of the airport). This is a good thing as the cruise ships come in on the southern end and there were as many as 6 ships in each day. If you are looking for night-life or activities this isn't your resort. There is one resturant and one bar, plus the pool side bar during the day. The Coral Princess is a nice 2 mile walk to town along a well traveled paved walk way. We often walked in the late afternoon and then back after dinner. Most of the cruise ships leave at 5 so late afternoon is the time to head to town. Lots of great dining opportunities. Of couse a taxi can always take you to town for about $6. We rented a scooter for 2 days ($30/day) and toured the island. All the locals seem to travel by scooter, you'll see a whole family on one.
There is a great scuba shop, Pepe's Scuba, on site that uses small boats, not the big diving barges that I hate. They have all the equipment and good dive masters. Will even give you a refresher course if needed. You can dive or snorkle right in front of the resort, plenty of colorful fish. There isn't a beach, so you go off the dock into deep water. There is a sandy area for relaxing and sunning between the pools and the seawall. Never had to fight for a beach chair like at the larger resorts. Could always find some chairs open when ever we went down. There is also a spa on site it you desire a relaxing massage or your nails done.
The bellman will offer to bring you a 20 liter water bottle for $7, get it. We went through ours in a week, used it to fill our water bottles plus in room use.

Stayed there on our last night in Cozumel since is was very close to the airport... We were glad we did the bed was very comfortable the bathroom super big we had wifi in our room. We didnt get the Oceanview but were at the pool and snorkled most of the time we were there... snorkeling on site is a huge plus and yes its a deal breaker. While snorkeling we saw 5 French Angels among other variety of fish very close from the hotels reef. We didnt go far out since its is deep so you need noodles to float and fins to get by... for those who like to swim it seems like a nice area as well. The pool is not very big its ok.. they have a Bar outside and people always waiting and willing to serve you. Coral Princess has beautiful decor and the also have restaurants at site. Would recommend and would go back but next time to an Oceanview room;)