First, there is a lottery for UK and EU residents just to be offered the tickets -- it is not even assured that those who enter will get them.
Therefore, non-EU/UK residents will most likely need to purchase a package including a hotel room to see the Games.
Wife had to do this for Nagano Olympics.
Sorry US, Canada, Asian, Middle Eastern, African, Cental/South American folks!
Therefore, points or pay for SPG hotel rooms is beside the point for most members of FT!