Originally Posted by
troyb
Anyone have ideas for decent rates here? I wanted to book a room for July 5 (just one night) and the SPG 50 rate was about $550, which seemed high. I thought rack rate was around $700 for the lowest room. No way I'll use 30,000 points for this.
When is the last time you saw $700 rack rate? I think their rack rate is around $1100 now. So $550 is actually good deal. These days NY hotel rate is rising quickly, maybe because US dollar devaluation but NY occupancy rates are still high. Most tourists from Europe can afford it. I haven't seen the rate less than $500 for Ritz, Four Seasons, or St Regis recently. They mostly charge nearly $1000 for standard room.