There are basically going to be 5 levels of point redemption. The earlier Sheraton had 4 levels of 3000pts for 1 night, all the way to 10,000 pts for 1 1 Night at the Luxary collection. But now they will add a new level which will require 12,000 pts for 1 night. So depending on the category of the hotel you want to stay in you will have to shell out 3000-12000 points for one night. Also the Gold level will be based on stays which at this time is 10 stays or 25-49 nights. The platinum level will be for 25 stays or more or 50 nights or more or for those spending $15,000 in one year. Both Gold and Platinum will receive 3 points per dollar but the platinum will receive extra upgrades etc.