Originally Posted by
Raffles
The value of Ambassador is in the free weekend night certificate and the 4pm guaranteed late check-out (for me).
If you will use the 4pm check-out then that has value, as does the upgrade and the 5000 points for signing up. Not sure you get to $200 unless it is a long stay and the upgrade makes it worth it - unless you are there over a weekend and you cancel 2 of the reward nights to replace them with buy one, get one free using the voucher.
Hi Raffles, most of the ideas in my OP were inspired by reading Head For Points, so thanks!