IHG Rewards Club has a 50% off points four day sale through September 29, 2017. This reduces the rate to $5.75 per 1,000 points when you buy 52,000 points for $299.00. The price is $6.25 per 1,000 points when you buy at least 22,000 points for $137.50.
Members can purchase up to 60,000 points in a calendar year ending Dec 31. These 2x points special offers are advantageous if you want a chance to buy 120,000 points.
52,000 points for $299 potentially offers a great deal for some hotel reward nights.
The next IHG Rewards Club PointBreaks list of hotels for 5,000 points will be released in about 4 weeks.