Michelin gives Two Keys to hotels that deliver “an exceptional stay”. There are 659 of them in 92 countries, and 131 belong to a points program: 51 through Mr & Mrs Smith, 24 through Small Luxury Hotels of the World, 21 through ALL – Accor Live Limitless, 17 through Marriott Bonvoy, 10 through IHG One Rewards, 5 through World of Hyatt and 3 through Hilton Honors. The list opens on those; switch the filter off to see every Two Key hotel, including the cash-only independents.
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 |
|---|---|---|---|---|
| Alila Ventana Big Sur Big Sur, USA | Hyatt · Alila | 45,000 | 5.0¢/pt | |
| Park Hyatt Vienna Vienna, Austria | Hyatt · Park Hyatt | 30,000 | 2.0¢/pt | |
| Casa Beatnik Country House La Coruña, Spain | Mr & Mrs Smith | 26,000 | 1.4¢/pt | |
| Inkaterra Hacienda Urubamba Sacred Valley, Peru | Mr & Mrs Smith | 38,000 | 1.4¢/pt | |
| Park Hyatt Bangkok Bangkok, Thailand | Hyatt · Park Hyatt | 25,000 | 1.4¢/pt | |
| The St. Regis Bora Bora Resort Bora Bora, French Polynesia | Marriott · St Regis | 130,000 | 1.4¢/pt | |
| Vidago Palace Norte, Portugal | Mr & Mrs Smith | 38,000 | 1.4¢/pt | |
| Botanic Sanctuary Antwerp Antwerp, Belgium | Mr & Mrs Smith | 86,000 | 1.3¢/pt | |
| Malabar Hill Weligama Bay, Sri Lanka | Mr & Mrs Smith | 51,500 | 1.3¢/pt | |
| Monteverdi Tuscany Castiglioncello del Trinoro, Italy | Mr & Mrs Smith | 98,750 | 1.3¢/pt |
Mr & Mrs Smith 51
~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 24
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
Raffles 8 · Banyan Tree 6 · Fairmont 4
fixed at 2¢ per point · Capital One and Citi ThankYou points transfer to ALL at 2:1.
Ritz-Carlton 9 · The Luxury Collection 4 · St Regis 2
~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 9 · InterContinental 1
~0.6¢ per point · Chase Ultimate Rewards and Bilt transfer to IHG at 1:1.
Alila 2 · Park Hyatt 2 · The Unbound Collection by Hyatt 1
~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.
Waldorf Astoria 3
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
659 hotels hold Two Keys in the current Michelin Guide selection, across 92 countries and 463 places. USA has the most with 78.
131 of them: Alila Ventana Big Sur, Park Hyatt Vienna, Casa Beatnik Country House, Inkaterra Hacienda Urubamba, Park Hyatt Bangkok, The St. Regis Bora Bora Resort, Vidago Palace and Botanic Sanctuary Antwerp and more. By program that is 51 through Mr & Mrs Smith, 24 through Small Luxury Hotels of the World, 21 through ALL – Accor Live Limitless, 17 through Marriott Bonvoy, 10 through IHG One Rewards, 5 through World of Hyatt and 3 through Hilton Honors.
Two Keys is the Michelin Guide's middle hotel distinction, defined as “an exceptional stay”. Inspectors rate architecture and design, service, personality, value for money and the hotel's contribution to its location. Roughly one in four Key hotels reach it.
Park Hyatt Bangkok (Bangkok, Thailand) at a median of about 25,000 World of Hyatt points a night. Sort by "Fewest points" for the rest.
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. 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.