Romania has 6 hotels in the Michelin Guide's Key selection — 2 Two Keys and 4 One Key — across 2 places, led by Bucharest with 5. 3 can be booked with points: 1 through Marriott Bonvoy, 1 through Small Luxury Hotels of the World and 1 through IHG One Rewards. The rest are cash-only independents, listed so the map is complete.
On points
35k pts
28k 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 |
|---|---|---|---|---|
| InterContinental Athenee Palace Bucharest by IHG Bucharest, Romania | IHG · InterContinental Hotels | 35,000 | 0.6¢/pt | |
| The Marmorosch Bucharest, Autograph Collection Bucharest, Romania | Marriott · Autograph Collection | 28,000 | 0.6¢/pt |
2 places in Romania have at least one Key hotel. Cities with three or more get their own page.
Autograph 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.
SLH 1
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
InterContinental Hotels 1
~0.6¢ per point · Chase Ultimate Rewards and Bilt transfer to IHG at 1:1.
6: 2 Two Keys and 4 One Key. They are spread over 2 places; Bucharest has the most with 5.
3 of the 6: Bethlen Estates Transylvania, InterContinental Athenee Palace Bucharest by IHG and The Marmorosch Bucharest, Autograph Collection. By program: 1 through Marriott Bonvoy, 1 through Small Luxury Hotels of the World and 1 through IHG One Rewards.
Two Keys is the highest rating held in Romania, by Bethlen Estates Transylvania and Corinthia Grand Hotel du Boulevard Bucharest. Bethlen Estates Transylvania is bookable on points.
The Marmorosch Bucharest, Autograph Collection in Bucharest, at a median of about 28,000 Bonvoy points a night — 0.6¢ 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.
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