Intercontinental Bora Bora 2 Bedroom Suites for Only 30k Points a Night
Priority Club is in the process of changing the number of points needed to redeem for free nights (read: they are increasing the amount of points needed to book many hotels). 40,000 used to be the maximum amount of points needed for an Intercontinental, but as of today many are now at 50,000.
However, it seems that they've decreased the number of points needed to book a free night at both of their Bora Bora properties. One of the best properties, Intercontinental Bora Bora Resort & Thalasso Spa now shows only 30,000 points per night for a 2 bedroom suite.
This will probably change, so get in while you can! The room shown in the screenshot in this post was selling for $935, so those 30,000 points are worth roughly 3.1 cents each - not bad since Priority Club points are usually worth less than a cent a piece. You can also get this using cash & points for 20,000 points and $60 a night.
I generally don't recommend transferring Chase Ultimate Rewards points to Priority Club at the 1:1 ratio, but it could make sense in this situation.
Hat tip TPG reader JP!