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:CategoryAward Rate per NightPoints + Cash per Night15,0002,500 + $5028,0004,000 + $55312,0006,000 + $75415,0007,500 + $100520,00010,000 + $125625,00012,500 + $150730,00015,000 + $300Extreme Hotel Deals — which broke this deal — has compiled the following list of properties currently booking at cheaper rates:Hotel NameDiscount RateCost Per Night (TPG valuations)Standard Award RateStandard Points + Cash RateHyatt Place Cleveland/Westlake/Crocker Park$17 + 2,500$625,000$50 + 2,500Hyatt Place Canton$17 + 2,500$625,000$50 + 2,500Hyatt Place Jackson/Ridgeland$17 + 2,500$625,000$50 + 2,500Hyatt Place Charleston Airport/Convention Center$28 + 4,000$1008,000$55 + 4,000Hyatt Place Chicago/O’Hare Airport$30 + 4,000$1028,000$55 + 4,000Hyatt Place Buffalo/Amherst$31 + 4,000$1038,000$55 + 4,000Hyatt Place Minneapolis/Eden Prairie$32 + 4,000$1048,000$55 + 4,000Park Hyatt Hyderabad$34 + 4,000$1068,000$55 + 4,000Grand Hyatt Jakarta$50 + 6,000$15812,000$75 + 6,000Grand Hyatt Muscat$60 + 7,500$19515,000$100 + 7,500Park Hyatt Zanzibar$80 + 10,000$26020,000$125 + 10,000Park Hyatt Chicago$100 + 12,500$32525,000$150 + 12,500Since 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.Sign up for our daily newsletterEmail addressSign upI would like to subscribe to The Points Guy newsletters and special email promotions. The Points Guy will not share or sell your email. See privacy policy.H/T: Extreme Hotel Deals
