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Hyatt Points + Cash award redemptions are a great way to mix points and money on a hotel booking. But another way to look at them is that you’re “buying” Hyatt points when you redeem for a Points + Cash award — you’re substituting a prescribed amount of cash in lieu of booking the award entirely with points using the standard award rate, thereby paying money to spend fewer points. There’s a sweet spot at category 2-6 hotels where you can effectively “buy” Hyatt points this way for 1.2 to 1.4 cents each when choosing the Points + Cash option, which is a good deal since TPG values Hyatt points at 1.8 cents per point.

However, today we’re finding a much cheaper cash co-pay being quoted for certain Hyatt properties. This unadvertised sale effectively lets you buy Hyatt points for as little as 0.68 cents per point when making a Points + Cash redemption.

First, here are the normal Points + Cash booking rates:

Category Award Rate per Night Points + Cash per Night
1 5,000 2,500 + $50
2 8,000 4,000 + $55
3 12,000 6,000 + $75
4 15,000 7,500 + $100
5 20,000 10,000 + $125
6 25,000 12,500 + $150
7 30,000 15,000 + $300

Extreme Hotel Deals — which broke this deal — has compiled the following list of properties currently booking at cheaper rates:

Hotel Name Discount Rate Cost Per Night
(TPG valuations)
Standard Award Rate Standard Points + Cash Rate
Hyatt Place Cleveland/Westlake/Crocker Park $17 + 2,500 $62 5,000 $50 + 2,500
Hyatt Place Canton $17 + 2,500 $62 5,000 $50 + 2,500
Hyatt Place Jackson/Ridgeland $17 + 2,500 $62 5,000 $50 + 2,500
Hyatt Place Charleston Airport/Convention Center $28 + 4,000 $100 8,000 $55 + 4,000
Hyatt Place Chicago/O’Hare Airport $30 + 4,000 $102 8,000 $55 + 4,000
Hyatt Place Buffalo/Amherst $31 + 4,000 $103 8,000 $55 + 4,000
Hyatt Place Minneapolis/Eden Prairie $32 + 4,000 $104 8,000 $55 + 4,000
Park Hyatt Hyderabad $34 + 4,000 $106 8,000 $55 + 4,000
Grand Hyatt Jakarta $50 + 6,000 $158 12,000 $75 + 6,000
Grand Hyatt Muscat $60 + 7,500 $195 15,000 $100 + 7,500
Park Hyatt Zanzibar $80 + 10,000 $260 20,000 $125 + 10,000
Park Hyatt Chicago $100 + 12,500 $325 25,000 $150 + 12,500

Since this is an unadvertised sale, there may be even more hotels that have discounted Points + Cash rates beyond the ones above. However, keep in mind that unlike regular Hyatt point awards — which are supposed to be available any time a base-level room is available — Points + Cash award inventory is at the discretion of the hotel, so you may not always find a Points + Cash room during a search.

But if you have an upcoming potential Hyatt stay that you’re considering booking with points, make sure to check the Points + Cash option and look closely at the cash co-pay amount to see if it might be lower than usual, turning a good deal into a great deal.

H/T: Extreme Hotel Deals

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