The Montage is right in my neck of the woods and it has received high acclaim ever since it opened. I've walked the grounds and had a meal there and the public hotel facilities are amazing, in a low-key Craftsman style that really fits well in Laguna Beach. It appears that most of the rooms and suites have gorgeous ocean views. An excellent non-chain hotel to add to the LL Portfolio!
I just found this post... I go to Newport Beach all the time (family there) and yes, I heard great things about the Montage... LL should package this with the Pagent of the Masters tickets and tickets to the Laguna Arts Festival... would be a great weekend trip!