I’ve never seen this mentioned before, so I’ll assume this is a new benefit:
Amex has launched its Gold Hotel Collection for Gold card members that offers a $75 hotel credit when you stay two nights and room upgrades on arrival. On some level it’s similar to the Amex Fine Hotels and Resorts program for Platinum members, but the Gold benefit does not include daily breakfast or late checkout.
Also, though the hotels are certainly more than acceptable, they’re a step down from those available in FHR. Amex says these hotels participate in the Gold program:
Preferred Hotel Group
City Center Las Vegas
PUBLIC Hotel Chicago
When I checked, rates were comparable to what was available on Expedia. Except for Hilton, it’s a bit of a random assortment of properties — in New York it brought up the Hilton New York, Lowes Regency, Michelangelo, The Smyth Hotel, Kitano, and The Alex. But all of those are certainly acceptable, and if you aren’t traveling on some other discounted rate (um, why wouldn’t you be traveling on some sort of other discounted rate?) that $75 credit (roughly 1 breakfast in NYC, no?) and the upgrades are nice, assuming they’re available on check-in.