I just moved my 3 night stay in Sydney Australia next March from the Hilton to the Ovolo Woolloomooloo. Perhaps not quite as convenient, but I like the neighborhood feel more than the CBD, and the TA reviews are out of this world. Also 20,000 points a night less than the Hilton.

Even better, I was able to move an Amex FNC reservation at the Queenstown (NZ) Hilton to Eichardt's Private Hotel, which had a standard rate room available for 130,000 points a night. Then made it a 2 night stay with a 2nd FNC. Looks like an insanely lovely place.