As of August 3, 2026, the cheapest reward night we price here costs 26,000 IHG points or about $190 in cash for the same night. Its typical point value is 0.68¢ per point, roughly 17% above the IHG program median of 0.58¢. Among the 9 IHG hotels we track in Chicago, it ranks 3rd for point value. Two nearby IHG hotels give you more per point. Program-wide it ranks 416th of 6,622 IHG hotels.
This hotel ranks 3rd 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 | 70,000 | $559 | 0.80 |
| Nov 2026 | 34,000 | $252 | 0.74 |
| Dec 2026 | 26,000 | $190 | 0.73 |
InterContinental Chicago Magnificent Mile is the 3rd point value among the 9 Chicago hotels we price daily. The strongest value there right now is Kimpton Gray Hotel at 0.80¢ per point. Points required have ranged from 26,000 to 35,000 per night across the dates we price. Within InterContinental it ranks 31st of 231 on point value. At 0.68¢ per point it beats 94% of the IHG hotels we track, a great use of points.
From 26,000 IHG points as of August 3, 2026. Across the dates we price it has ranged from 26,000 to 35,000 points. 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 0.68¢ per point it sits above the IHG median of 0.58¢ and beats 94% of hotels we track.
Kimpton Gray Hotel at 0.80¢ per point is the best IHG point value we track in Chicago right now.
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