...a complimentary third night when they use their Card to purchase a two night minimum stay at participating Sheraton hotels and resorts worldwide. This is an exclusive offer only available to SPG Cardmembers.
If it's the same as the current Z3H requiring you to book a special 2 night rate in order to get the 3rd off, then this isn't really a benefit whatsoever.
The annual membership fee for the Card will increase to $65 from the previous $45.... best-in-class....
Evidently, SPG is aligning themselves with Delta's best-in-class benefits!! Well, an annual fee increase right off the bet. It sure seems like Delta's strategy!
SPG is getting Stingier by the minute. Seriously, did they recently hire somebody from SkyPesos to run Starwood Preferred Guest?