Has anyone been to Bora Bora?
I would've gone by now, but it's an extremely expensive 45 minute flight to get from PPT to BOB. Only 1 carrier flies and they don't take miles!
There used to be SPG on Moorea, which is a short boat ride from PPT, but it became a Hilton, and I don't think you can reserve an overwater bungalow with Hilton points.
The St. Regis in Bora Bora is supposed to be fantastic and a great way to blow through tons and tons of Starpoints. "Couples Retreat" was filmed entirely on the property if you want a nice tour of it.