Italy has 224 hotels in the Michelin Guide's Key selection — 17 Three Keys, 49 Two Keys and 158 One Key — across 124 places, led by Rome with 21. 57 can be booked with points: 34 through World of Hyatt, 13 through Hilton Honors, 7 through Marriott Bonvoy, 2 through ALL – Accor Live Limitless and 1 through IHG One Rewards. The rest are cash-only independents, listed so the map is complete.
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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 |
|---|---|---|---|---|
| Locanda al Colle Camaiore, Italy | Hyatt · Mr & Mrs Smith | 34,750 | 1.4¢/pt | |
| Monteverdi Tuscany Castiglioncello del Trinoro, Italy | Hyatt · Mr & Mrs Smith | 98,750 | 1.3¢/pt | |
| Casa Brera, a Luxury Collection Hotel, Milan Milan, Italy | Marriott · Autograph Collection | 94,000 | 1.3¢/pt | |
| Dimora delle Balze Noto, Italy | Hyatt · Mr & Mrs Smith | 72,250 | 1.3¢/pt | |
| Hotel Capo La Gala Vico Equense, Italy | Hyatt · Mr & Mrs Smith | 79,250 | 1.3¢/pt | |
| Locanda Rossa Capalbio, Italy | Hyatt · Mr & Mrs Smith | 20,000 | 1.3¢/pt | |
| Bellevue Syrene 1820 Sorrento, Italy | Hyatt · Mr & Mrs Smith | 346,500 | 1.2¢/pt | |
| The Gritti Palace, a Luxury Collection Hotel, Venice Venice, Italy | Marriott · The Luxury Collection | 128,000 | 1.2¢/pt | |
| Castello di Vicarello Cinigiano, Italy | Hyatt · Mr & Mrs Smith | 114,750 | 1.2¢/pt | |
| Il Palazzo Experimental Venice, Italy | Hyatt · Mr & Mrs Smith | 34,750 | 1.2¢/pt |
124 places in Italy have at least one Key hotel. Cities with three or more get their own page.
Mr & Mrs Smith 34
~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.
SLH 13
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
Bulgari 2 · St Regis 2 · The Luxury Collection 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.
Orient Express 2
fixed at 2¢ per point · Capital One and Citi ThankYou points transfer to ALL at 2:1.
Six Senses 1
~0.6¢ per point · Chase Ultimate Rewards and Bilt transfer to IHG at 1:1.
224: 17 Three Keys, 49 Two Keys and 158 One Key. They are spread over 124 places; Rome has the most with 21.
57 of the 224: Bvlgari Hotel Roma, Monteverdi Tuscany, Bellevue Syrene 1820, The Gritti Palace, a Luxury Collection Hotel, Venice, FORESTIS Dolomites, Lefay Resort & Spa Dolomiti, The St. Regis Rome and Grand Hotel Victoria and more. By program: 34 through World of Hyatt, 13 through Hilton Honors, 7 through Marriott Bonvoy, 2 through ALL – Accor Live Limitless and 1 through IHG One Rewards.
Three Keys is the highest rating held in Italy, by Bvlgari Hotel Roma, Airelles Palladio, Venezia, Aman Venice, Borgo Santandrea, Borgo Santo Pietro and Casa Maria Luigia and others. Bvlgari Hotel Roma is bookable on points.
Locanda Rossa in Capalbio, at a median of about 20,000 Hyatt points a night — 1.3¢ 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.