Originally Posted by
jameswes
TPG has had Hyatt pretty steady around 1.7-1.8 cents/point, and I feel like that's pretty fair. I typically get ~2, but still pretty close.
TPG also has Hilton at .6 cpp, so credibility of those valuations is an issue. I value Hyatt points at no more than 1.5 cents. Just look at the NYC redemptions. Sure you can get 2 cents, but there are an awful lot of redemptions out there at 1 cpp or less.
Regardless, I said 1.75:1, so you're quibbling over a 12.5% difference. And 1.75:1 is a lot closer to reality than the 3:1 OP cited.