Stayed here a few days ago, for the days of our stay this was what was listed as available on the SPG web site:
a. the least expensive room available to the general public was $335/nite
b. the same room was available for 16K *points/nite (bad deal in my view)
c. the Cash & Points rate was 4800 pts plus $90/nite (MUCH better deal)
Rather than going the Cash & Points route we elected to instead book a $160/nite govt rate, we were upgraded to a 775 sq ft Ocean View Corner Suite on the 29th Floor which we were thrilled with. The SPG web site listed this room listed for $910/nite, that rate included a "indulge Pkg-Bkfast For 2 Daily In Room Or Restaurant, Sparkling Wine And Strawberries" which we didn't get but we did receive access to the Executive Club.
In all we were quite happy with our room and the politeness of the hotel staff, that being said we were stunned by what I view as absolutely insane prices for food and drink, ranging from the $17 club sandwich at the pool to them charging $140 for a bottle of Bailey's Irish Cream to be delivered to your room (approx cost at a liquor store would be maybe $28).