Costco travel has some great package deals for accommodation in Papeete, Moorea and Bora Bora. Last year we saved about $2000 with Costco. We stay 4 night in Moorea at the Hilton and 4 night at the HIlton Nui in Bora Bora.
Breakfast was included in Moorea and breakfast and dinner was included in Bora Bora. You can pick the hotels you wanted to stay at and we were even able to request the specific over the water bungalow # we wanted in Bora Bora. We used miles to go from Denver to Papeete via LA; several of the Costco packages also include airfare.