Company runs hotel in pleasant coastal road (8)
I believe the answer is:
corniche
'coastal road' is the definition.
(I've seen this before)
'company runs hotel in pleasant' is the wordplay.
'company' becomes 'co' (abbreviation).
'runs' becomes 'r' (cricket abbreviation).
'hotel' becomes 'h' (phonetic alphabet: alpha, bravo, charlie etc.).
'in' indicates putting letters inside.
'pleasant' becomes 'nice' ('nice' is associated in meaning with 'pleasant').
'h' inserted into 'nice' is 'niche'.
'co'+'r'+'niche'='CORNICHE'
(Other definitions for corniche that I've seen before include "Cliff-face coastal road" , "way along cliff edge" , "Cliff-side road" , "My place" , "cliff route" .)