In the most recent T+L 500, this property ranks #4. I'm not sure how that is possible, as I can't imagine a better hotel. Between us, our group had stayed at a number of the hotels in the top 100, and none were even close to the Oberoi. We were deciding between the Oberoi and the Taj Lake Palace, and a relative of one of our travel companions recommended the Oberoi. It was definitely the right decision.
The property is stunning, from the moment that you arrive by boat to the jetty, to the entrance courtyard, to the lobby, to the hallways, and finally to the room. There are incredible views of the lake and the city from many different vantage points in the hotel; my favorite was from a three sided nook in the bar. Interior design nuts will love this place. Most if not all common rooms have beautiful domed ceilings with unique embellishments for each one; I wanted to take all of the antiqued brass doors home with me; the tile work was beautiful; and the furniture and decorative items were all eye catching. In short, everything was in excellent taste.
We had a garden room, which was quite spacious, with a large sitting room and two beds. Large bathroom with a nice soaking tub.
Since we had a garden room, we sadly did not have the semi private pool outside of our room. Luckily, there is an infinity pool adjacent to the spa that has the absolute best views of the lake and the property's gardens. And the pool was never crowded, despite the fact that the hotel was full. There is also another pool, but that one does not have a view of the lake, so why bother? One note is that we stayed here at the beginning of January, and the water in the pool was cool but no problem for a dip.
The hotel is set on park-like grounds, with excellent landscape architecture. There are hammocks hidden around for lazing. Various wildlife runs about. There are no mosquitoes here (though there are plenty in Udaipur; this was actually quite the mystery).
The service here was excellent. We had a number of requests involving dinners elsewhere and transportation, and everything ran smoothly.
The spa is first rate. As a guy, I can't tell you about wraps or masks, but I do know and appreciate a good massage. I tend to prefer a harder massage, and the spas at many nice properties can be a bit gentle, but the masseuses at the Oberoi definitely packed a punch. Do not be fooled by their petiteness.
Their is a very strong aura of tranquility here. As noted by another reviewer, the hotel seems half empty most of the time, but when you go to dinner, you can tell that the place is actually full.
The bar here is open 24 hours, if you are a night owl.
If there was anything that was less than spectacular, it was the food, which was still quite good. For breakfast, there was a somewhat limited cold buffet, and you could choose one hot item for no charge; each additional hot item was extra. I thought this was a rather odd place to cut corners, as food is relatively inexpensive in India. Every other five star that we stayed at in India had an expansive selection and you could eat to your stomach's content. In addition, we ate dinner once at the outdoor restaurant, ordering the Indian and Rajastani thalis. While the food was good, we had better food at the Taj Lake Palace and also at the City Palace terrace. The food was expensive for India but moderate compared to the US ($50 for prix fixe).
We checked out the Taj Lake Palace for a meal, and although the food was excellent, I'm glad that we stayed at the Oberoi. The Taj certainly has historical interest, being an actual former palace, and the bones and structure are beautiful, but there is a bit of patina to the place, to put it euphemistically. Much of the decor seemed shabby and frayed (and from the 1970s); even the employees' uniforms looked a bit threadbare. There was a general sense that the place was not terribly well maintained (unlike other historical hotels in India, such as the Imperial). This was from what I observed from the common areas and the dining room, I did not see a guest room.
If there is any place that you should splurge in India, this is it.