Originally Posted by
guv1976
Transferring your UR points to Hyatt and then redeeming for a stay at a Hyatt property can often yield 2.0 cents per point in value, especially if you factor in the after-tax cash price of the room. (Redemptions using a hotel chain's own points are typically exempt from most taxes.)
If you're yielding more than 2cpp in Hyatt value consistently you might consider loading up on points now during their sale that runs into January.
Buy 137,500 Hyatt points for $2640 (1.92cpp). Buy those points on a 2+% cash back card they get even cheaper, of if you use the purchase to hit a sign-up bonus they get cheaper yet.
You can combine points for redemptions, so that means P1 + P2 could load up on 275,000 Hyatt points right now.