The operative words are bolded.
Also, even someone with a boat load of HGP points (especially you of all people) should agree that getting .004-.009cpp is truly shortchanging ones self (bordering on criminal) considering it's rather easy to suck 5-6cpp out of HGP.
As I already said, if you can get it for $500-$600 then it's a no-brainer.
At $1,000 (the amount it is for when I would go) you are getting over 3cpp even after backing out the $350 upgrade, which well clears my point redemption threshold.
you have a huge amount of points and are looking at december... Thats a huge difference... I am talking about now, so for the amount zithali or halaveli costs right now or use points, I would use cash. points also have a value and he could sell them later on or use them in the future... Even if you get a waterlvilla at the hyatt, its not comparable to the other 2. Do you really want to travel around the world, spend so much money on the trip and then stay at a "schwache" watervilla to save alittle?
When you have mileage balances like mine you don't risk selling unless you're a broker, but I still agree it's only worth using when the value is there (i.e. when the competition is $1,000 not $500).
And I don't think you've read Gary's reports or FT pics if you think the PH MLE OWB is shvach in any way besides not having a silly little pool that you may use for a few minutes. I don't think saving $6,000 is a little in most people's books. Maybe in Switzerland that's a little, but that's mortgage payments for a year in CLE!