It's still a poor deal, I think. If the flexible rate is $300, the premium room reward should only be 60K points, not 69K.

I think Hilton points are of very poor value these days. Can spend about 250K points with both Hilton and IHG. Shortly I'm going on a road trip to California and Oregon, with hotel rates going through the roof this year. But with IHG I can find loads of places to stay at 15K, 20K or 25K. Some even are $200 a night at the best available rate. With Hilton you can hardly find any Hampton Inn room lower than 40K.

The only poor thing with IHG is that reward nights don't count for promotions. But with the current promo I only need to stay 7 paid nights to get 58000 bonus points. Along with the regular points and other promos that means: almost 10K points a night. So: stay 2 nights, spend a night on us at a Holiday Inn Express.