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If you buy IHG Rewards points for 0.57 cents each today (6/28/13) only instead of the 0.7 cent method in this post, PointBreaks hotels cost only $29! For more info, see IHG Club Points on Sale Today Only for 0.57 Cents.

There are several posts on today’s new PointBreaks list. Even if you’ve read those, read this. I’ve honed my strategy for getting $35 per night rooms quite a bit, and I want to share it, so everyone can have access to the best practices. And today only, those $35 hotels can be had for $29.

This post will tell you how to book any hotel on the list of IHG Reward Club’s PointBreaks hotels for only $35 per night, even the ones that ordinarily cost $400 or more per night. And I’ll explain how to give yourself maximum flexibility to pick the exact dates you want as the trip approaches.

IHG Rewards Club PointBreaks

IHG Rewards Club (formerly Priority Club) is the loyalty program for InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, Candlewood Suites, and Staybridge Suites. As we covered here, IHG Rewards Club recently devalued its award chart, so it now takes 10,000 to 50,000 points for a free night depending on the property. But every few months, IHG Rewards Club releases a list of a select few hotels where you can stay for 5,000 points per night. That’s a 90% discount on some hotels!

The new list of PointBreaks hotels is good for stays now through 8/31/13.

We can stay at any hotel on the PointBreaks list for $35 just by using one loophole!

The basic premise is that IHG Rewards Club lets you buy 10,000 points for $70, which is 0.7 cents per point.

In this post, I’ll give my full strategy for taking advantage of the PointBreaks list. This strategy ensures I get all the $35 per night hotel stays I want with maximum availability of nights and maximum flexibility to change my plans. My strategy solves a number of problems.

Problem #1: Not every hotel is on the PointBreaks list.

Solution: There is no solution for this problem.

When a new list comes out, I check its end date then look at my Meet Up page to figure out where I’ll be between now and then that I might want a hotel. I also consider trips I haven’t planned, but have been mulling. And finally I look for the incredible properties that normally cost 50,000 miles to see if I want to take an impromptu trip.

I note all the hotels that I might want to stay at.

Problem #2: Not every night is available at hotels that are on the list–and what availability there is can disappear quickly.

Solution: Book award space now.

This leads to Problem #3.

Problem #3: I may want to change my plans later, but I may have to cancel the entire award to do that, costing me the chance at 5,000 point ($35) nights.

Solution: Book awards as a series of one-night stays.

If you think you want to stay at the InterContinental Phnom Penh for five nights before August 31 during a two week period, but you’re not sure which five nights, book 14 one-night stays.

Booking 14 stays will take under 20 minutes, and you’ll have the flexibility later to cancel the nine you don’t want one at a time, leaving you the five consecutive nights you want. Then you can call the hotel to ask them to merge the five reservations or just show up and note to the front desk that all five are yours, and you don’t want to move rooms. They don’t want to move you either, since it increases their costs.

To book the 14 stays in this example, you would need 70,000 points, which leads to problem #5.

Problem #5: I don’t have any IHG Rewards Club points.

Solution: We can transfer in 5,000 Ultimate Rewards to have 5,000 IHG Rewards Club points. Or we can buy 5,000 points for $67.50. Once we have 5,000 IHG Rewards Club points, we can buy unlimited quantities for 0.7 cents each.

The first step if you don’t have 5,000 IHG Rewards Club points is to get them. Ultimate Rewards points transfer in at 1:1 ratio in about 14 hours in my experience. You can make the transfer at ultimaterewards.com by clicking the Priority Club Rewards link under the transfer points tab.

Then give your IHG Rewards Club account info and select the points to transfer in increments on 1,000.

You want to have 5,000 points after making the transfer. I feel bad moving Ultimate Rewards to IHG Rewards Club because Ultimate Rewards are worth almost three times as much as IHG Rewards Club points, but to be able to buy more IHG Rewards Club points for 0.7 cents, we need to have at least 5,000 IHG Rewards Club points.

Another way to get 5,000 IHG Rewards Club points that doesn’t burn Ultimate Rewards is to buy 5,000 for $67.50. That is like buying 5,000 Ultimate Rewards for $67.50, which I would definitely do.

Purchasing Points for 0.7 Cents

The way to buy IHG Rewards Club points for 0.7 cents is to make a cash and points award booking then cancel it. Once you have a IHG Rewards Club account with 5,000 points, the next step is to book a 15,000 point award. Why? When booking a 15,000 point award, you are given the option to purchase the 10,000 point shortfall for $70, which is 0.7 cents per point. Here is such an award:

As you can see, this award costs 15,000 points or 5,000 and $70. Select 5,000 points and $70 and pay for the award. The confirmation screen makes it very clear that the $70 is going towards buying 10,000 points that would be immediately used to book the award.

After booking, immediately cancel the reservation online by following a link from the booking confirmation page. That brings you to this screen:

As you can see, my reservation has been cancelled. As you can also see in the top right, the points immediately credit back to my account. My account now has 15,000 points, 5,000 that I transferred from Ultimate Rewards and 10,000 that I just bought for $70 while making a dummy booking.

If you need more points–say you want to make 14 speculative one-night bookings–then you repeat this step. For instance, I recently increased my account balance from 5,000 to 45,000 in two dummy bookings. I just showed the first. In the second, I selected the same hotel on a three-night cash and points booking. That booking cost 15,000 points (my new balance) plus $210 to buy the other 30,000 points needed. Then I cancelled that booking, and I had 45,000 points from a 5,000 Ultimate Rewards transfer and $280 in cash.

If $280 sounds like a lot of cash, don’t forget that my 45,000 points is enough for nine nights in a hotel.

Caveats

You have to have 5,000 points in your account to buy points for 0.7 cents each. Buying points is a much better deal than transferring in your Ultimate Rewards that are worth way more than 0.7 cents each, but you may have to transfer in 5,000 Ultimate Rewards to start the point-buying madness.

Not all hotels are on the PointBreaks list. Not all nights are available as 5,000 point award nights at the hotels that are on the list. Check availability before buying points.

Make sure your account has 5,000 more points than you need for your speculative bookings. You always want a balance of 5,000 points at the end for your next round of buying points. It would be a shame to have to make another Ultimate Rewards transfer.

Example from Summer 2013

I scoured that summer’s PointBreaks list to see if any of my travel plans coincide with any of the hotels, and they do in one case: I will be in South Africa in August and there is a Holiday Inn Express in Pretoria and a Holiday Inn in Sandton on the list.

I booked three consecutive one night stays at the Holiday Inn in Sandton and two consecutive one night stays at the Holiday Inn Express in Pretoria.

The Sandton Holiday Inn goes for $117 per night, but I am getting the rooms for $35.

I will probably only use two of the five nights, and I can cancel the ones I don’t need when I figure out my plans.

Example from Summer 2012

I scoured that summer’s PointBreaks list to see if any of my travel plans coincided with any of the hotels, and they did in one case: I would be in Krakow, Poland and the Holiday Inn Krakow City Centre was on the list.

I was in Krakow June 6 – 9, and I didn’t have a hotel booked. While the Krakow Holiday Inn was hardly the nicest property on the PointBreaks list, its cheapest room June 6 was 531 Polish Zloty, which was $153.

The first thing I did was search availability, and I found space June 6 and 8, but not June 7. I decided to book June 6 and 8, so I needed 10,000 IHG Rewards Club points.

I had zero IHG Rewards Club points in my account, so I transferred in 5,000 points from Ultimate Rewards. I bought 10,000 more points for $70 exactly how I outlined above leaving me with 15,000 points after I cancelled my dummy booking.

With my new points, I made two one-night bookings on June 6 and 8.

I noted the cancellation policy, which varies by hotel, in case I had to cancel. At the Holiday Inn Krakow, I just had to cancel by 4 PM the day of arrival.

I ended up very much enjoying the stay at the Holiday Inn Krakow, and I wrote about it in my Krakow, Poland Hotel Guide.

Recap

The new PointBreaks list is out from IHG Rewards Club. This is a list of hotels you can book for 5,000 points or $35 per night. The best way to take advantage of the list is to be active right now.

  1. Scour the list for hotels you may want to stay at. The list is organized by continent.
  2. Search for availability at those hotels for every possible night you might want to stay.
  3. Book now a series of one-night stays that cover the time periods when you may want to stay.
  4. Get the points you need for this by transferring in 5,000 Ultimate Rewards, then buying the rest for 0.7 cents.
  5. Note the cancellation deadline at each hotel. This varies.
  6. As your plans firm up, cancel the nights you don’t want before the deadline for a full refund of the points.
  7. Leave at least 5,000 points in your account to repeat this cycle on the next list.

I have booked a $153 hotel room for $35 using the techniques in this post. And there are much nicer, more expensive hotels on the list of PointBreaks hotels. There are Intercontinentals that go for over $400 per night that you can get for $35 per night using the technique outlined in this post. And with my advanced techniques for holding availability that you can later fit your needs, you can be a master at staying in great hotels around the world for $35.

Which hotel will you stay at for $35?