Hyatt Points + Cash a Great Deal at the Park Hyatt Seoul

I'm headed to Seoul in July for a couple of nights and based on reviews, am really excited to stay at the Park Hyatt.  I'm even more exited about using a combination of points and cash to make it a great deal.

Standard rates (not prepaid) with tax are running $389 per night.  I had three options:

• Pay $389/night 
• Burn 20,000 points per night
• Burn 10,000 points per night and $140/night 

While $389/night isn't horrible for a Park Hyatt in a big city, it's a lot of money.  Hyatt points are relatively easy to acquire (transfer partner of Chase Ultimate Rewards) but I still want to get the most value out of them if possible so burning 40,000 points wasn't ideal.  That would have given me a return of 1.95 cents/point.

I decided to book the points + cash rate which requires 20,000 total HGP points and $140/night.  This equates to a value of 2.49 cents/point given the $389 AI rate.

I'm pretty happy with that as Hyatt redemption given my goal of trying to redeem them for 2 cents per point.  

I'm looking forward to my stay and will post more details in the lead up to the trip in a few months.