This is a little warped way of looking at things. However,
St Regis Doha is a Category 6 new hotel which seems to have lots of C&P's availability.
Its quite rare for a Cat 6 to have C&P availability so it would seem to be a good value at 8,000 points and $150.
But look at the rate, 1,140.00 QAR = $313.021
Valuing SPG @ 2.2, 8000 = $176+$150 = $326.00
I'm sure there's more examples, just came across this one.