Good afternoon everyone, I have some bad news if you are / were a fan of Preferred Hotels & Resorts properties. It appears that the top rate has increased from 55K Choice Hotels Points / night up to 87K (a 58% increase). My friend alerted me to this devaluation and I was able to verify it by going to the Preferred Hotels & Resorts search page (after signing into my Choice Hotels account), and then sorting prices from high to low. As you can see, the new top rate is now 87K points / night.
