This savings is worth anywhere from $30 up to $900 based on TPG’s most recent valuations and gets even higher if you book a 10-, 15- or 20-night stay. However, you probably won’t earn enough points as a Silver member to utilize this very frequently, so we’ll assume a conservative value at the low end of that spectrum.

Unfortunately, this perk is the only way to gain access to the Executive Lounge as a Gold member at applicable properties, as you’d need to be upgraded to a room with lounge access to enter. It’s also limited to just one room (even if you’ve booked two or more on the same reservation), and each brand or property can determine which rooms to classify as “preferred” accommodations. We’ll assume a conservative valuation of $20 per night at the full-service properties.

Just note that for many of these brands, you must select the food and beverage credit or breakfast instead of bonus points. We’ll value this perk at $10 per night across the full-service stays. At international resort properties or upscale hotels, this perk could be exponentially more valuable.