A good selection of upscale properties in Hyatt weak spots (e.g., SE Asia (e.g., Chiang Mai), Italy, Greece, etc.), but interestingly a ton of ultra-luxe properties that have never been available on points: Dunton Hot Springs in Colorado, the Explora, Tierra, and Awasi properties in South America, Chable Yucatan, Hermitage Bay, Mashpi Lodge, numerous Chedis (Montenegro, Egypt, etc.), the Zannier hotels in Namibia, Shinta Mani in SE Asia, Ananda in India, the Azerais in Vietnam, Longitude 131 in Australia, and a bunch of Relais & Chateaux, LHW, and ultra-luxe boutique properties in Europe (e.g., The Retreat at Blue Lagoon and Deplar Farm in Iceland, JK Place in Capri, LeFay Resort in the Dolomites, etc.).

Many of those hotels go for ~$1.5k+ per night (or even per person per night for some of the SA properties) so makes sense Hyatt isn't imposing its award chart since they're more upscale than any Park Hyatt / Alila and in many geos the best of the best. At the same time w/ dynamic pricing I think there will be no great value for redemptions - it may be beneficial to those who have a ton of points to burn or those who were going to book a cash stay at these spots anyways and now can get night and a ton of points credit.