I'm planning to stay at this resort early next year but have not booked my flight yet because the flight schedule has not opened so I don't have exact dates. I'm thinking to book several consecutive several one night stays with points, and just cancel what I don't need. Will that be an issue?

Also, I see that the cancellation policy is now 90 days for free refund (in points). I had read in another forum that the cancellation penalty is that they refund points but charge you the full cash value of the room. Is that no longer the case? When they were charging cash value, was it still 90 days? Thanks.