IHG sent out a tweet that they are going to offer 50% off reward nights at both the Palazzo and Venetian in Las Vegas starting at noon EST and last for 24 hrs. Its available for stays from November 16, 2014 – April 10, 2015.
This mean that instead of 50k per night it will only be 25k per night which I think is a better deal. Too bad there are no more nights available for new years eve or this would be a tremendous deal. There are some black out dates but they will let you use cash and points!
Room rates that I looked at started around $200+ so I think this is a good use of rewards if you are looking to visit Vegas.
I am going to make some speculative bookings but just be careful of cancellation dates if you are planning on going with this strategy.