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The Grand Hyatt Santiago, a category 3 property, is currently offering some of their suites at Cash + Points rates.
As a category 3 property, cash + points rates cost 6,000 points + $75. Bookings should be cancelable until the day before check-in.
For more info, see this View from the Wing post.
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Does not work. Have enough points (over 30K), but won’t let me book 4 nights in a suite on cash and points (which should require only 24k). Keeps telling me I don’t have enough points, even when I go down to 2 nights. Tried IE and firefox.