I've stayed at both, but obviously before they were IC affiliated. IMO, they're terrible value compared to the top tier treatment at Sheraton (giant high roller suite, excellent club, and all that on HKD500-700 BRG rates), or GH or Conrad. I can't imagine spending HKD1200-1700 at Parisian/Venetian midweek, not to mention 75k points (even on the busiest of weekends), unless they roll out significantly better IHG benefits than the Vegas properties. The only potential value I can imagine would be using an IC BOGO (if they are applicable) and paying for much cheaper Friday night and getting Saturday free.

If anyone comes across information or can post a stay report, it'd sure be appreciated.