I was going to use MR points to book a hotel stay. The MR value came to be about $0.006 per point (less than a penny). I checked a few other hotel listings and did the math (compare dollar vs points); same $0.006. Am I doing something wrong? Is this the typical valuation for using MR for hotel?

I haven't tried airline tickets; is it the same $0.006?

(I eventually used UR points for the hotel for $0.015 per point)