Old Mar 17, 12, 12:02 pm
Join Date: Oct 2004
Location: BZN
Programs: AA:Lifetime Plat DL:Lifetime Silver UA:1P MAR:Lifetime Plat Prem
Posts: 8,287
IMO, the two best uses for this are:

70K SPG Points (Nights and Flights II Package) gets 5 nights at a Category 4 property PLUS 75K US miles.

270K Marriott Points (Travel Package) gets 7 nights at a Category 5 property PLUS 180K US miles.

I've done both of these redemptions several times in recent years when these conversion bonuses arise. For Marriott, it has enabled me to milk almost 2 cents per point in value, for Starwood, almost 4 cents.
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