Just saw this on DD and wanted to share as i thought this was a great value for redeeming points for those who are interested.
I am copy pasting most of these details from DD
Hyatt Cash and Points normally allows you to book base rooms for a set amount of points based on the hotel's assigned category. The Grand Hyatt NYC is a category 6 hotel.
Link to Hyatt NYC booking page [hyatt.com]
To access cash and points rates you can search for a date, click on "show World of Hyatt awards" and then click on the cash and points tab. Or when searching for a rate you can click on "Special rates" and then "Corporaste of group code and enter: 51440
Currently the Grand Hyatt NYC is offering an executive suite at the cash and points rate on most dates between 1/2/18-10/25/18.
For example on 6/5/18 you can redeem 12.5K points+$150 cash+$25 tax or you can book the room for $1,029+tax=$1,184. That's a value of more than 8 cents per point ($1,184-$175/12,500)!
The Grand Executive suite has a King Hyatt Grand bed and a sofa with a Queen pullout bed.
Suites at the Grand Hyatt NYC also include complimentary Grand Club access which includes an indoor and outdoor space with free food and drinks. The hotel also has a 24 hour fitness center and free WiFi.
You can transfer Chase points instantly to Hyatt.