New IHG PointBreaks list features 140 hotels around the world that you can stay at 5,000 points a night until May 31, 2014.
If you are an adventurous type who doesn’t mind visiting a place not too popular with tourist crowds — although you can find a pearl every now and then — you can travel on the cheap with IHG PointBreaks year round. You don’t even have to be an IHG point collector, since it’s very easy to get points at $70 for 10,000. Thus, an IHG PointBreak stay will cost you less than $35 per night at a good or even great hotel.
The trick is not to buy your points directly from IHG (right now they’re running a bonus, but 10,000 points would still cost you $108), but to book a room–any room–with Points plus Cash and then cancel the reservation. As long as you have at least 5,000 points in your account, you are allowed to buy 10,000 points to complete a reservation, so when you cancel it, they will refund you points, not the money. Thus, they effectively sell you 10,000 points for $70.
Actually, it’s even better. Since you get a 10 % rebate for all your redemptions, it works out to $63.60 for 10,000 points or $31.81 for a PointBreak night Try to book that on Priceline.
I would like to list some hotels that, I believe, are worthy of your consideration. Please keep in mind that I’m mostly interested in international travel, so here goes.
Crowne Plaza Lima: a 4-star hotel in Miraflores with very good reviews.
When you find something you like, book first, and think later. You can always cancel your reservation without penalty. Even if they are show sold out, check later. As soon as your greedy peers start canceling their reservations, the rooms will reappear. Check often.