The London Organising Committee of the Olympic Games just returned back to hoteliers 20% of its reserved room inventory blocked for the games opening July 27, 2012. Out of curiosity I checked Priority Club for reward room availability.
There are loads of Priority Club reward rooms available right now in London for Priority Club points. I found reward rooms for the opening ceremonies at Holiday Inn Kensington Forum for three nights Friday-Saturday-Sunday July 27-30 at the Points & Cash reward rate of 15,000 points + $60 per night for a room with a published rate at 305GBP or US$485 per night.
I found reward availability at multiple hotels in London for hotel stays throughout the Olympics dates.
25,000 points or 460GBP per night. Better yet is 15,000 points + $60 per night. That is a $670 value for 15,000 points. Buy points at $6 per 1,000 points from Priority Club and redeem for $45 per 1,000 points in hotel rate savings.
The image below shows Holiday Inn London Kensington Forum available for a 3-night points reward on the weekend with the London Olympics 2012 opening ceremonies Friday, July 27, 2012.
Hotel rewards using points for the London Olympics 2012 have been a rare find. I checked Hilton HHonors today and there was one hotel with Premium Room Reward availability at 195,000 points per night. Starwood Preferred Guest has reward night availability at Sheraton Heathrow Airport for 10,000 points per night on some dates. The availability of reward nights at a variety of IHG hotels in London is a real bargain during the Olympic Games from Friday, July 27 through Sunday, August 12.
Rates at most brand name hotels are over US$500 per night.
Priority Club members can buy 50,000 points in a calendar year at the rate of $11.50/1,000 points or $575 per 50,000 points. Priority Club members may also gift a member 50,000 points in a year. This means a couple can purchase 200,000 Priority Club points in all buying 50,000 points maximum purchase for yourself and as a gift to your partner. Your partner does the same. For $2,300 you can buy 200,000 points.
Typically buying points might not be a good deal, but when hotel nights are US$500 or 15,000 points and $60 for each night in London during the Olympics, then you are paying $232.50 for a room night buying points and redeeming for a Priority Club Points & Cash reward.
A hotel reward night is 15,000 points + $60 for several IHG hotels in London during the Olympics. These reward nights might be around all week or may not last the day before reward night availability is gone.
And remember hotels like Hotel Indigo London Paddington can be booked for the old 25,000 points rate through March 18, 2012 by calling Priority Club customer service.
Here is a sample of IHG hotels in London with reward night availability for 8 nights from July 27-August 4, 2012.