Originally Posted by
ryder1650
Is there ever a case where using MP miles for a hotel is a good deal? Is it generally just a bad way to spend miles?
If you're miles-rich, cash-poor, and don't plan on using your miles for flights. It's usually better to redeem for flights, but you have to evaluate your own situation.
Originally Posted by
SFOflyer33
a rule of thumb is to value miles at the cash acquisition cost of 1.9-2.1cpm ...
Since it's more typical to acquire miles for much less, this really overvalues the miles.