How to Buy Points for Hotels—and Why It Can Be a Good Idea - AFAR

"A well-located South Beach hotel that becomes very expensive during major events like Art Basel (rates averaging over $700 per night). A five-night semi‑refundable cash stay totaled $4,261.06, while award pricing for the same stretch was 360,000 Hilton Honors points thanks to the fifth-night-free benefit (four nights at 90,000 points each). Purchasing 80,000 points during a 100% bonus promotion would yield 160,000 points for about $800, which — combined with an existing points balance — can secure the five-night stay for a small fraction of the cash price." - Paul Rubio