We stayed here one night when traveling between LA and San Diego. The hotel is in a great spot and has great access to downtown Laguna and the beaches.
The interior of the hotel itself is very dated. The lobby and bar area seem updated, but the corridor to the rooms and the rooms themselves have what appear to be old carpeting and very dated and worn fixtures. The hotel could feel better about charging the prices they do, or more if they gave the rooms and corridor a little face lift.
Another thing that was not so great about the hotel was the roof deck bar. There was a private party there when we arrived. We went out for some dinner and drinks and arrived back at the hotel around 9:30, we figured we would grab drinks at the roof deck then. The bartenders up there was incredible rude and when I ordered a drink the woman said, "Fine, but drink fast because this is last call." At 9:30pm?
Overall I am giving the hotel 4 stars, mainly for the location.