Originally Posted by
eknock007
This may not be the best use of miles, but how about applying for a Southwest CC and/or Delta CC and using those miles to book hotel stays. Most of these programs give about 1 CPM value so a $300/night room will cost about 30K miles. And I think that you may even be allow pay with a combination of miles and cash if you don't have enough miles, at least Delta will.
Booking hotels with AA miles can also work out OK. Just be aware that the reservation/points redemption through AA is nonrefundable.