IHG Rewards Club’s PointBreaks is traditionally one of the best promotions in the hotel industry. Through this promotion, select hotels are available for just 5,000 points per night. I value IHG points at ~0.5 cents each, so to me that’s the equivalent of booking a hotel stay for ~$25 per night.
Also keep in mind that if you have the IHG® Rewards Club Select Credit Card you get a 10% refund on award redemptions, up to 100,000 points back each year. That means for the first million points you redeem each year you get a 10% discount, so you’d be paying an effective 4,500 points for each PointBreaks night.
IHG’s newest round of PointBreaks hotels is now bookable at the below links (we shared the list on Friday before it became bookable), valid for bookings and stays between January 30 and April 30, 2017. There are 125+ hotels participating in this round of PointBreaks, and as of now they’re actually bookable.