Let me make a counter-argument. Hyatt desperately needs to retain its affinity credit card holders. What better incentive can Hyatt offer than an aspirational redemption which is both accessible (by car for many!) and safe? Let's say Ventana offers 8 rooms per night for points. That could cost Hyatt $10k per night, or $3.6 million per year. I'll estimate $2.5 million excess cost over redemptions at normal value.
Is having this property as a top aspiration in the redemption portfolio worth $2.5 million marketing expense to Hyatt? Under current circumstances, I say yes. Anecdotally my family circle is adding 3 new Hyatt credit cards to the 2 we already had. Those 2 were acquired for the purpose of redeeming in Maui, which worked out great but which is not reachable this year. We plan to keep all 5 cards indefinitely for their continuing value. A Hyatt credit card would pay for itself many times over with just one upgrade at Ventana.
As a capacity-constrained aspirational redemption to promote credit card signups, Ventana should work out very well for Hyatt as long as international travel remains constrained. Other chains should copy this strategy with their own small aspirational properties in remote locations.
Or they start mirroring Miraval pricing with the 40k / +25k add'l person redemption rate.