It was only one dinner, and it was a couple of years ago, but I had a dinner I wish I could forget at the Big Water Grille. Slow, amateurish, disinterested wait-staff; clumsy dishes poorly executed at prices that should guarantee well prepared food; fairly sterile modern room saved only by the view...
I know it might not be fair to judge from one experience, but at those prices it was pretty disheartening and hard to put behind me.
I had a pretty good meal in the restaurant there at the Hyatt during the same trip. I'd readily go there again.
Big Water Grille is serving excellent food, with a beautiful wine list. I believe it has changed owners since the poor experience of Cheese Please. I live close by and have not had a bad meal in the last 2 years. http://www.bigwatergrille.com/
Fredericks serves creative fusion cuisine with a nice wine selection in a small, intimate restaurant. Highly recommended. Reservations a must. Le Bistro has fine, bistro French cooking with a very reasonably priced prix fixe 3 course menu. Every table gets an order of souffle potatoes. Last place I had those were DB Bistro in New York. Good wine selection. All these restaurants are in Incline Village, no more than 5 minutes by car from the Hyatt. Parking is no problem. Lone Eagle Grill, part of the hotel but across the street on the lake, is a spectacular setting. Lunch would be my choice because of the awesome view. Dinner is very expensive and the menu leans toward meat and game.