Portugal has 70 hotels in the Michelin Guide's Key selection — 2 Three Keys, 14 Two Keys and 54 One Key — across 40 places, led by Porto with 12. 19 can be booked with points: 11 through Mr & Mrs Smith, 6 through Small Luxury Hotels of the World, 1 through Marriott Bonvoy 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 |
|---|---|---|---|---|
| Vidago Palace Norte, Portugal | Mr & Mrs Smith | 38,000 | 1.4¢/pt | |
| Casa de São Lourenço Manteigas, Portugal | Mr & Mrs Smith | 28,250 | 1.4¢/pt | |
| Colégio Charm House Tavira, Portugal | Mr & Mrs Smith | 17,750 | 1.4¢/pt | |
| Herdade da Malhadinha Nova Beja, Portugal | Mr & Mrs Smith | 34,750 | 1.4¢/pt | |
| Torel Saboaria Porto, Portugal | Mr & Mrs Smith | 22,000 | 1.4¢/pt | |
| Areias do Seixo Santa Cruz, Portugal | Mr & Mrs Smith | 47,000 | 1.3¢/pt | |
| The One Monumental Palace Porto, Portugal | Mr & Mrs Smith | 65,250 | 1.3¢/pt | |
| Brown's Avenue Hotel Lisbon, Portugal | Mr & Mrs Smith | 26,000 | 1.2¢/pt | |
| Vermelho Melides Melides, Portugal | Mr & Mrs Smith | 76,750 | 1.1¢/pt | |
| Octant Praia Verde Altura, Portugal | Mr & Mrs Smith | 17,750 | 1.1¢/pt |
40 places in Portugal have at least one Key hotel. Cities with three or more get their own page.
Mr & Mrs Smith 11
~1.7¢ per point · Chase Ultimate Rewards and Bilt Rewards transfer to World of Hyatt at 1:1; the same points work at every Mr & Mrs Smith property, and stays earn elite nights.
SLH 6
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
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.
Six Senses 1
~0.6¢ per point · Chase Ultimate Rewards and Bilt transfer to IHG at 1:1.
70: 2 Three Keys, 14 Two Keys and 54 One Key. They are spread over 40 places; Porto has the most with 12.
19 of the 70: Penha Longa Resort, Vidago Palace, Vermelho Melides, Six Senses Douro Valley, Casa de São Lourenço, Colégio Charm House, Herdade da Malhadinha Nova and Torel Saboaria and more. By program: 11 through Mr & Mrs Smith, 6 through Small Luxury Hotels of the World, 1 through Marriott Bonvoy and 1 through IHG One Rewards.
Three Keys is the highest rating held in Portugal, by Penha Longa Resort and Vila Vita Parc Resort & Spa. Penha Longa Resort is bookable on points.
Colégio Charm House in Tavira, at a median of about 17,750 World of Hyatt points a night — 1.4¢ per point against the cash rate.
Every loyalty program, Key rating, country and city has its own page with points prices, value per point and a map.
MICHELIN, the MICHELIN Guide, MICHELIN Key and the MICHELIN Key emblem are trademarks of Compagnie Générale des Établissements Michelin and its affiliates. They appear on this page only to identify the hotel distinctions awarded by the MICHELIN Guide, in a nominative and descriptive manner. AwardClaw is an independent publication and is not affiliated with, sponsored by, endorsed by or otherwise connected to Michelin. The hotel selection and Key ratings are published by the MICHELIN Guide at guide.michelin.com; consult it for the official and current selection.
World of Hyatt, Marriott Bonvoy, Hilton Honors, IHG One Rewards, ALL – Accor Live Limitless, Small Luxury Hotels of the World, Mr & Mrs Smith, Design Hotels and all hotel names are trademarks of their respective owners, and their appearance here does not imply endorsement. Hotel photographs are the property of the respective hotels and are shown for identification only. Points prices and cents-per-point values are AwardClaw's own observations and estimates; they move with dynamic pricing and are not statements by any loyalty program. Partner portfolios change, so confirm rates, award availability and program membership on the program's own site before transferring points.