Good value in a great location
If you want a great location (assuming you think close to the ocean is a great location) at a very reasonable price, you'll be happy with Lover's Point. It is NOT a luxury hotel and certainly not suited for business travelers. But the mattress was excellent and all the amenities were provided. But this is an 'old-timey' hotel. Both the door and window in our room opened out onto the walk way, so the curtains were drawn at all times, which led to feeling a bit claustrophobic. We didn't have a view of the water from the first floor, but the upper floors would have such a view, but if I'd been there I think I still would have wanted the curtains drawn for privacy.
If your plan is to be a sightseer and use your room for sleeping and napping only, this is a good choice for a few nights.