We just got home from a quick (one night) getaway to the Oceano. We agree with the other reviewers - the king suite was beautiful and the location was great. Our room directly faced the harbor and we spent a happy hour (or 2), sitting on our deck, enjoying wine and watching the crab boats going out. We had fantastic weather (77 degrees yesterday) and no fog - yes, there is a fog horn in the harbor, but it was not at all annoying. The Oceano is connected to a small mall and many restaurants are within easy walking distance.
The best part of the Oceano is their staff, they went out of their way to make our stay memorable and comfortable. The Oceano's staff is the number one reason that we will return.