Costa Rica has 23 hotels in the Michelin Guide's Key selection — 2 Three Keys, 8 Two Keys and 13 One Key — across 13 places, led by Guanacaste with 4. 5 can be booked with points: 3 through World of Hyatt, 1 through Marriott Bonvoy and 1 through Hilton Honors. The rest are cash-only independents, listed so the map is complete.
On points
91k pts
On points





35k pts
151k pts










Median points per night and cents-per-point value from AwardClaw's award tracking. Value is the cash rate divided by the points price, so higher is better; green means the redemption beats the program's usual value by a wide margin.
| Hotel | Keys | Program | Points / night | Value |
|---|---|---|---|---|
| Andaz Peninsula Papagayo, Costa Rica, by Hyatt Guanacaste, Costa Rica | Hyatt · Andaz | 35,000 | 2.5¢/pt | |
| El Silencio Lodge & Spa Bajos del Toro, Costa Rica | Hyatt · Mr & Mrs Smith | 90,500 | 1.2¢/pt | |
| Silvestre Nosara Hotel & Residences Nosara, Costa Rica | Hyatt · Mr & Mrs Smith | 151,250 | 1.0¢/pt |
13 places in Costa Rica have at least one Key hotel. Cities with three or more get their own page.
Mr & Mrs Smith 2 · Andaz 1
~1.7¢ per point · Chase Ultimate Rewards and Bilt Rewards transfer to World of Hyatt at 1:1, which is why Hyatt is the program most award travelers build around.
Ritz-Carlton 1
~0.7¢ per point · Amex Membership Rewards, Chase Ultimate Rewards and Bilt all transfer to Bonvoy at 1:1, so Marriott points are the easiest to top up in a hurry.
SLH 1
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
23: 2 Three Keys, 8 Two Keys and 13 One Key. They are spread over 13 places; Guanacaste has the most with 4.
5 of the 23: Nekajui, a Ritz-Carlton Reserve, El Silencio Lodge & Spa, Rio Perdido, Andaz Peninsula Papagayo, Costa Rica, by Hyatt and Silvestre Nosara Hotel & Residences. By program: 3 through World of Hyatt, 1 through Marriott Bonvoy and 1 through Hilton Honors.
Three Keys is the highest rating held in Costa Rica, by Nekajui, a Ritz-Carlton Reserve and Nayara Springs. Nekajui, a Ritz-Carlton Reserve is bookable on points.
Andaz Peninsula Papagayo, Costa Rica, by Hyatt in Guanacaste, at a median of about 35,000 Hyatt points a night — 2.5¢ per point against the cash rate.
Hotel selection and Key ratings from the MICHELIN Guide hotel selection; points prices and value are AwardClaw's own observations of each program's award pricing and move with dynamic pricing. Program links reflect the loyalty program a property belongs to at the time of writing — partner portfolios (Mr & Mrs Smith, Small Luxury Hotels, Design Hotels) change, so confirm on the program's site before transferring points. AwardClaw is not affiliated with Michelin or any hotel group. MICHELIN is a trademark of its owner.