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 World of Hyatt, 6 through Hilton Honors, 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 | Hyatt · Mr & Mrs Smith | 38,000 | 1.4¢/pt | |
| Casa de São Lourenço Manteigas, Portugal | Hyatt · Mr & Mrs Smith | 28,250 | 1.4¢/pt | |
| Colégio Charm House Tavira, Portugal | Hyatt · Mr & Mrs Smith | 17,750 | 1.4¢/pt | |
| Herdade da Malhadinha Nova Beja, Portugal | Hyatt · Mr & Mrs Smith | 34,750 | 1.4¢/pt | |
| Torel Saboaria Porto, Portugal | Hyatt · Mr & Mrs Smith | 22,000 | 1.4¢/pt | |
| Areias do Seixo Santa Cruz, Portugal | Hyatt · Mr & Mrs Smith | 47,000 | 1.3¢/pt | |
| The One Monumental Palace Porto, Portugal | Hyatt · Mr & Mrs Smith | 65,250 | 1.3¢/pt | |
| Brown's Avenue Hotel Lisbon, Portugal | Hyatt · Mr & Mrs Smith | 26,000 | 1.2¢/pt | |
| Vermelho Melides Melides, Portugal | Hyatt · Mr & Mrs Smith | 76,750 | 1.1¢/pt | |
| Octant Praia Verde Altura, Portugal | Hyatt · 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, which is why Hyatt is the program most award travelers build around.
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 World of Hyatt, 6 through Hilton Honors, 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 Hyatt points a night — 1.4¢ 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.