bbj -- welcome to FT!

As the others have stated, not all points are the same. Some hotels have bottom tier rooms starting around 4K points, others start at 10K. The points are also earned at different rates as well. Some award 5 points per dollar, others only one per dollar.

I am a SPG whore and I try to milk my points for about 3cents per. So when redeeming 10K points for a room, the room should be about $300 per night or higher.