Hilton Hhonors is offering a 30% refund on the points you use when you book a Points and Money award stay before January 31st and complete your trip by June 30th. You must register here.
Hilton is also offering this deal on their ridiculously priced “premium room awards” and while 30% points back may help alleviate the pain there, it’s still a miserable value in most cases (though a quick check just showed that the 30% points back in a few cases will make the “premium room” cost the case as a regular award redemption). But that’s not the case at most hotels.
However, the points and cash deal (which I’ve used at Starwood many times), represents a great bargain, generally requiring half the points plus a co-pay ranging between $30-100 depending on the hotel. Availability can be limited, though, so it may take a bit of searching to find a hotel that offers Points & Money. With the the 30% rebate, you’re looking at paying only 35% of the points required for a regular stay, plus the small co-pay. A solid deal.