269 hotels holding a Michelin Key can be booked with Hyatt points — 7 Three Keys, 56 Two Keys and 206 One Key — across 56 countries. Mr & Mrs Smith (229), Park Hyatt (18) and The Unbound Collection by Hyatt (8) make up most of the list. 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.
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On pointsMedian 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 |
|---|---|---|---|---|
| Alila Ventana Big Sur Big Sur, USA | Hyatt · Alila | 45,000 | 5.0¢/pt | |
| Park Hyatt Kyoto Kyoto Prefecture, Japan | Hyatt · Park Hyatt | 41,000 | 3.2¢/pt | |
| The Beekman - A Thompson Hotel New York City, USA | Hyatt · Thompson Hotels | 25,000 | 2.6¢/pt | |
| Andaz Peninsula Papagayo, Costa Rica, by Hyatt Guanacaste, Costa Rica | Hyatt · Andaz | 35,000 | 2.5¢/pt | |
| The Cape, a Thompson Hotel Los Cabos, Mexico | Hyatt · Thompson Hotels | 35,000 | 2.4¢/pt | |
| Palacio Duhau Park Hyatt Buenos Aires, Argentina | Hyatt · Park Hyatt | 25,000 | 2.2¢/pt | |
| Park Hyatt Chicago Chicago, USA | Hyatt · Park Hyatt | 25,000 | 2.2¢/pt | |
| Park Hyatt Vienna Vienna, Austria | Hyatt · Park Hyatt | 30,000 | 2.0¢/pt | |
| Park Hyatt Toronto Toronto, Canada | Hyatt · Park Hyatt | 25,000 | 2.0¢/pt | |
| Park Hyatt Siem Reap Siem Reap, Cambodia | Hyatt · Park Hyatt | 15,000 | 1.8¢/pt | |
| Maison Metier New Orleans, USA | Hyatt · The Unbound Collection by Hyatt | 25,000 | 1.7¢/pt | |
| Párisi Udvar Hotel Budapest Budapest, Hungary | Hyatt · The Unbound Collection by Hyatt | 20,000 | 1.7¢/pt |
Fixed award chart by category — 5,000 to 45,000 points a night for Hyatt-branded hotels, with off-peak and peak dates. Mr & Mrs Smith and other boutique partners price off the cash rate instead, so their point costs move with the season.
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.
Most Michelin Key Hyatt stays are Mr & Mrs Smith boutiques. Check the cash rate first: when a room is expensive in cash, the points price is usually where the value hides.
269: 7 Three Keys, 56 Two Keys and 206 One Key. The biggest groups are Mr & Mrs Smith with 229, Park Hyatt with 18 and The Unbound Collection by Hyatt with 8. They span 56 countries, with the deepest choice in Italy, USA and Spain.
7: Les Sources de Caudalie, Hotel Esencia, The Siam, Villa Nai 3.3, Awasi Patagonia, Royal Champagne and Tierra Patagonia Hotel & Spa. Three Keys is the Guide's top rating, "an extraordinary stay", and these are the only ones where Hyatt points work.
Park Hyatt Siem Reap in Siem Reap, Cambodia, at a median of about 15,000 points a night (1.8¢ per point). Sort the list by "Fewest points" to see the next-cheapest.
Fixed award chart by category — 5,000 to 45,000 points a night for Hyatt-branded hotels, with off-peak and peak dates. Mr & Mrs Smith and other boutique partners price off the cash rate instead, so their point costs move with the season.
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.
Mr & Mrs Smith boutiques are booked on hyatt.com like any Hyatt, earn elite nights, and price off the cash rate rather than the category chart — so the same room can cost 20,000 points in November and 60,000 in July.
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.