Can anyone explain to me this Flexible Rate?

Member Rate Flexible,
Additional InformationCommissionable Rate

• Stay 4 nights or more and save up to 20 percent (rate already reflects discount) Full prepayment required. Non-refundable.

Cancelling Your ReservationYou may cancel your reservation for no charge before 11:59 PM local hotel time on March 21, 2025 (3 day[s] before arrival). Please note that we will assess a fee of 233.33 USD if you must cancel after this deadline. If you have made a prepayment, we will retain all or part of your prepayment. If not, we will charge your credit card.

When You Check-inPlease be prepared to show proof of eligibility for your rate (such as a membership card, corporate or government identification card, or proof of your age).

Modifying Your ReservationAny change in the length or dates of a reservation may result in a rate change.