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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
|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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