We own at Pacific Grove Plaza and love the accommodations (large, clean units), parking and location. We can walk into Monterey and have many dining options in the town of Pacific Grove without the need to drive.
There are only 16 units in total (8 1-bedroom and 8 2-bedroom) so exchanging into the resort may be an issue. When we don't use our unit (not very often), we trade through SFX or rent it directly.