you guys are right.
but again the most important - is that you get no points with the hotel you are staying with.
Granted it is a very good deal in foreign countries where hotels are somewhat cheaper and more luxurious.... Thailand and India comes to mind...
nonetheless when combined with a coupon it is ok deal...
I'd however be more interested in travelamerica deals, where you can get $1000 marriott gift card for $800, whereby youpractically get 20% off future stay, no strings attached(no min nights, get credit and points for the room) plus all the bennies and are FULLY flexible...
so for those that have rock solid plans and cant cancel this is a good deal... for mattress runners/status earners this is a poor value...