I thought this would be a great deal for me. I've already got reservations at the Sheraton New Orleans during the promotion period, so I figured I'd re-book that reservation through Expedia, cancel my original reservation, and pick up an extra 1,000 bonus points.
But surprisingly enough, Expedia doesn't come up with the same rates as I previously reserved (and can still find) on sheraton.com.
Bonus points are great, but not at the expense of paying an extra $55 per night!