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Top level hotels, like the Park Hyatt Tokyo, are only 22,000 Hyatt Gold Passport points. That's $220 of Ultimate Rewards points (tax is included in points reservations) for rooms that are normally over $600. This is one of the best deals available today.
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A mid-range Holiday Inn is 25,000 priority club points. That's $250 of Ultimate Rewards points for a room that is less than $200.
|Better Off Just Spending Cash|