(EXPIRED) Preferred Hotels Cyber Monday promo: Free night + 30K points w/ 2-night booking

Update 11/28: Preferred Hotels and Resorts has extended this sale an additional 2 days. It now ends Wednesday, 11/29.

Preferred Hotels is advertising a Cyber Monday sale whereby members of its I Prefer loyalty program can get a free night and 30,000 bonus points when they book by Wednesday, 11/29 and use promo code MKTCYB and book at least two paid nights. In other words, it’s like a “third night free” promotion with a bonus of 30,000 points. Stays must be booked by 11/29 for travel through 3/31/24. This could work out to be a great deal in some circumstances.

The Deal

• Preferred Hotels is offering a “free night now” and a “free night later” for Cyber Monday: Book a paid stay of a minimum of two nights and get an extra night for free on that reservation plus 30,000 points when you use promo code MKTCYB.
• Direct link to this deal

Key Terms

• Must book by 11/29 only
• Must travel by 3/31/24
• Participating properties only (though it seems like most are participating)
• Booking must contain a valid I Prefer Member Number and be made through PreferredHotels.com, IPrefer.com, the I Prefer App, Preferred Hotels & Resorts Global Reservations, or your travel professional.
• Minimum 2-night stay required (before the free night).
• Offer is limited to points-eligible stays but cannot be combined with other Bonus Points offers.
• In case of multiple bonus points offers available for selected rate and hotel, 30,000 bonus points offer will not apply.
• Bonus points from this offer will expire one year after awarding, and will not count toward tier upgrade qualification.
• Bonus points will be awarded to eligible member accounts for eligible bookings within two weeks of the actualized stay, and will be awarded no more than once per stay and once per member.
• See full terms on offer landing page

Quick Thoughts

This could be a decent offer if you have interest in staying at a participating property. I see some participating properties in the US with rates between $128-$200, so three nights could become very reasonable with the third night free offer — getting 30,000 point also could be nice icing on the cake.

While 30,000 points is enough to get you a free night at some properties, I see award costs ranging to upwards of 100K points per night at some properties, so this won’t be enough points for a night at I Prefer’s most luxurious properties. You can check award rates here. There are just over a dozen properties in the US that cost 30K points per night or fewer and a smaller handful within Europe. Mexico has a number of properties that cost 15K points per night. You could probably come out of this offer in pretty good shape if you value both the initial 3-night stay and the points.

Keep in mind that the points will be awarded within two weeks after your stay is completed and will expire in a year, so be sure you’ll be ready to use them or you’ll lose them. Also keep in mind that some Preferred Hotels can be booked via Choice Privileges, potentially at a better value (particularly if you’re transferring 1:2 from Citi ThankYou Rewards).

I doubt the stars will align to make this one work for me, but I’m sure it’ll work out nicely for some.

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