0.008cents per point isn't great but if that's where you want to go, then why not?

One way to improve the overall value is to book it at a paid rate and get $1000 giftcard for 135,000 points. When you spend it you will get 15,000 points back (as a Plat) making a net cost of 120,000 points or $0.008 per point. The major benefits here though are the stay and spend qualifies for megabonus, adding maybe 2000 points per night, thereby decreasing the points cost by 9% (or to put it another way upping the value to $0.009 per point) AND you'll get the nights credit for the stay. You can use any remaining balance against other charges, upgrades or a stay at another Marriott later.

Personally, I usually manage about 1 eurocent+ per point (1.5 to 3 cents), but that's easy living in the UK and jumping over to the continent where the appreciation of the euro against the £ and $ has made such redemptions especially high value. Pity that when I get there everything now costs 30% more