Our stay at this Hyatt over the President's Day long weekend was terrific. The hotel itself recently finished a modernization program, so our room in the tower was very comfortable and spacious. The staff was very friendly and the service level was high. We booked our visit through the American Express Fine Hotels program, so we were given free breakfast for two every morning as well as a $100 resort credit and late check-out. The buffet breakfast at the hotel was extensive and service was good despite the very crowded conditions; President's Day is clearly one of the busiest periods of the entire year. The onsite Lone Eagle Grille restaurant at water's edge was enjoyable; the lodge-styled dining room is fantastic while the food and service were very good. The spa was also very modern, clean and comfortable; our massage treatments were very good.
This hotel is convenient to local ski resorts including Northstar and Squaw Valley. One word of warning: be very careful as you drive through the nearby CA/NV border area. It's a speed trap!