Here's a link to some discussion about the Value Miles Visa:
http://www.flyertalk.com/forum/Forum...ML/000066.html . After confirming with Value Miles that the Ritz STT participated in the program (there are some restrictions, I believe, during high season), I then booked a reservation directly with the Ritz, advising them that I would be using the award certs. I waited until 2-3 weeks before departure to actually redeem the "miles" from Value Miles. The certs arrived in the form of 10 separate RC certs, which were neither property-specific nor date-specific.