As of September 19, 2026, the cheapest reward night we price here costs 29,000 IHG points for a January 2027 check-in. Booking that same night with cash would cost about $198. On a typical night here, a point is worth 0.64¢, roughly 12% above the IHG program median of 0.57¢. Among the 9 IHG hotels we track in Chicago, it ranks 5th for point value. Four nearby IHG hotels give you more per point. Program-wide it ranks 578th of 6,672 IHG hotels.
This hotel ranks 5th of 9 IHG hotels we track in Chicago. Ranked by cents per point, across every IHG brand.
| Check-in | Points | Cash | ¢/pt |
|---|---|---|---|
| Aug 2026 | 45,000 | $338 | 0.75 |
| Sep 2026 | 66,000 | $600 | 0.85 |
| Oct 2026 | 77,000 | $526 | 0.63 |
| Nov 2026 | 34,000 | $252 | 0.74 |
| Dec 2026 | 26,000 | $199 | 0.64 |
| Jan 2027 | 28,000 | $234 | 0.72 |
InterContinental Chicago Magnificent Mile is the 5th point value among the 9 Chicago hotels we price daily. The strongest value there right now is Kimpton Gray Hotel at 0.74¢ per point. The cheapest night on sale here has ranged from 26,000 to 35,000 points, depending on the day you check. Within InterContinental it ranks 40th of 234 on point value. At 0.64¢ per point it beats 91% of the IHG hotels we track, a great use of points.
From 29,000 IHG points as of September 19, 2026. The cheapest night on sale has ranged from 26,000 to 35,000 points, depending on the day. Prices move daily.
A free reward night here starts at 26,000 points in December 2026, the cheapest month we have priced. That is a straight points redemption, not a free night certificate.
It is a great use. At 0.64¢ per point it sits above the IHG median of 0.57¢ and beats 91% of hotels we track.
Kimpton Gray Hotel at 0.74¢ per point is the best IHG point value we track in Chicago right now.
We check this hotel’s points price every day. Leave your email and we will message you the moment it sets a new low.