I tried searching using a few key words, and couldn't find a relevant thread. Mods, please move into an existing thread if there is one.

I have Accor Plat status thanks to being matched from Fairmont Plat status. I am trying to make sense of using Accor points. The Swissotel Stamford in Singapore is of interest, but it seems as if Accor wants to devalue your points before you can use them. Here is my example:

Cheapest room at the Stamford for 3 nights is 449.54 Euros
Exact same room using points is 558.70 Euros

So Accor requires me to pay a premium of 109 Euros to use my points. I want to use 10K Accor points = 200 Euros. So the net result is 109 Euros goes to pay the scam charge, and that leaves me with 81 Euros to apply to my room rate?

Surely I must be missing something. How can anyone think this is a good loyalty program? Or is the problem with this one particular property? Would appreciate any insight someone can give me.