I'm sure there are opportunities. I do like Hyatt Place, I have seen then for 8K and 12K, and some people have mentioned 5K. Valuing points at 1.25 cents, an 8K redemption is $100. If you have a family and want the extra bedding, fridge, and the TV with DVD hookups, it's probably worth the points. OTOH, I have gotten Hyatt Places in Las Vegas (Paradise Road) and Orlando (International Drive) for about $55-60 all-in on Priceline. But I also "risk" getting a Courtyard or Hilton Garden Inn. To me it doesn't matter which I get, to someone else it might. Then again, the HP in Vegas was 12K/night, and at that rate wouldn't be worth it.
There's no universal rule here. One of the main purposes of FT is to enable all of us to analyze and use our points in the optimal way based on our own preferences.