Originally Posted by
lsquare
I don't get it. I can't use it on Marriott or Hyatt properties?
In most cases, no. THC and FHR are a limited subset of hotels. That's probably why Amex did it this way, as opposed to it being a $200 Amex Travel credit that could be used on any air/hotel.
Just as an example, I searched for a trip I'm taking to Denver next month. The 2 days I searched, The Hotel Collection had 0 results, and FHR had 4, the least expensive being $239/nt (which is cheaper than I expected, but its a Hilton).