For what it's worth, the likely Priceline winner for that bid is the Hyatt Newport in the $75 range, maybe a bit higher in summer. I've stayed at that Hyatt once for a business meeting and had no issues with it.

In my mind, that's certainly worth consideration on a multi-night stay. I can make a great argument for points-earning rates on 1-nighters in areas where the Priceline gap is narrow. (See current Milesbuzz thread on this very topic.) But that argument weakens when the points-earning rate spikes that far over the Priceline rate and you're talking about multiple nights.

Maybe the Priceline summer rate also spikes more than I think it does, but worst case I'd consider throwing in a bid or two.

The Hyatt Regency Huntington Beach - a spectacular-looking property - is also on the Priceline list but I don't see many winners getting that hotel. A quick glance shows a bunch of Hyatt Newport, a little Marriott, and a little Fairmont.