I beg to disagree.

If one were to value the benefits at what they would otherwise cost, the value of the perks roughly equals:

2 x $20 welcome drinks
2 x $40 breakfast buffet incl. tax/tips
~$10 welcome amenity
~$10 other amenities
~8.8% ROI in terms of the value of the ALL points earnt, possibly more during a double/triple points promotion

...and of course the room could be paid for using Fairmont GCs purchased at a ~16% discount.

Rates in the ~$150/night range aren't that common these days, but if you have access to the right government/corporate rate, it's not impossible. The lowest regular published rates tend to be closer to $200/night these days though.