If you are interested in luxury hotels, Hyatt chains are the way to go. Their most expensive hotels cost 30,000 points a night, but you would have to shell out $1,000 a night or more so you can get really good use of your points.
You can transfer Chase Ultimate Rewards points into Hyatt points at a 1:1 ratio.
Hat Tip - DansDeals and Point Me to The Plane
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