Hyatt’s loss was Hilton’s gain. When Hyatt acquired premium boutique hotel booking platform Mr and Mrs Smith their SLH Hotels partnership was always going to end. Hilton scored a coup linking up with SLH. It’s been a game-changer for the Honors program.

Honors points are normally low value, but since the points cost of SLH Hotels is capped at the most expensive pricing for Hilton properties, you can get outstanding value – 3 to 4 cents per point in some cases, as opposed to less than half a cent per point normally. And the hotels are much nicer than most Hilton brand hotels.

One great example is Raiwasa Private Resort in Fiji, on the island of Taveuni, a one hour flight from Nadi. The property is small, so rooms aren’t available all that often even for sale but it appears that when Hilton can sell you a room at this price they can also book it on points:

• You’d spend over $4,300 per night for an over-2,000 square foot room plus 933 square foot deck.
  
• But you can redeem 150,000 Hilton Honors points per night instead

Grand Villa 2 Bedroom offers a seamless indoor-outdoor living experience with two separate suites, both have King beds with open ceiling design and a full bathroom.

One has a view of the ocean while the other of the garden. Each suites also has a luxurious outdoor bathtub and walk-in shower. Villa features separate living room, veranda/wrap around decking, living room, full kitchen with refrigerator, air conditioning, complimentary WiFi access, High Definition TV, tea and coffee maker.

Credit: Raiwasa Private Resort

This is an inclusive property, which covers your meals, and your room sleeps six.

The hotel boasts that “99.3 % of our guests vote their Raiwasa experience as one of their top 10 travel experiences of their lives.”

It’s perched high above the South Pacific, with an awesome 180-degree view overlooking the Somosomo Straight and surrounded by a lush tropical carpet of green rainforest and swaying palm trees. The dramatic sunsets are equaled only by the brilliance of the stars at night.

Credit: Raiwasa Private Resort

Dine in eight locations, with complimentary all day room service, “Ritchie and Rosie will be your dedicated chefs, they have a combined 20 years of experience in prestigious 5 star resorts, restaurants and hotels in both Fiji and the Cook Islands” and they offer a free cooking class.

Credit: Raiwasa Private Resort

Complimentary resort activities including kayaks, paddle boards, bikes, and snorkeling plus they provide return transfers between the property and Matei airport.

As with many small, remote properties the cancellation penalties are stringent. They can’t just stick a discounted rate online and fill a room at the last minute, so a cancel genuinely impacts the property. Here’s what they say for both paid and points nights: “Cancellations fees: 25% of total stay if cancelled between booking date and 3PM (local) – 61 days prior to arrival; after 60 days prior to arrival – 100% of total stay.”

There’s also Riverview Ranch in Montana, Calala Island in Nicaragua, and Hermitage Bay in Antigua – truly special places you’d probably never experience with cash, the sorts of places that run $3,000 to $5,000 per night, but that are now accessible from 130,000 to 150,000 Hilton points each night.

I’d jump on some of these outsized values. For now Hilton says they price within their normal redemption bands, but it’s possible that could change or they could increase the top range in points prices. Hilton historically hasn’t offered this kind of value, so I wouldn’t let the opportunity sit.