Please note that Park Hyatt Maldives no longer accepts Hyatt stay certificates. They did when I wrote this piece back in October. Right now the choice is either points or cash.
Hyatt took over the former Alila property in Maldives back in May this year, and the property is in the process of being rebranded as Park Hyatt Maldives Hadahaa. I visited this property in August and cannot wait to go back sometime next year.
Their regular rates start around $900 per night for the most basic villa. You can, however, stay there paying about a third of that.
Hyatt is selling stay certificates at five different price point the most expensive being the Inspire level one at $319. To my surprise this is valid also at the Park Hyatt Maldives. The certificate includes all taxes/fees so there is no additional charge for the accommodation itself. Also, the breakfast is included even when using the cert. 
You do not get a stay credit when using these certificates but do earn points for the eligible spend at the property. You don’t need to have the certificates in hand when you make the reservation but rather when you arrive to the property. You can check the availability by using the following code when making the reservation: HSINN1. 
The other option is to use points for a stay. Park Hyatt Maldives requires 22000 points per night. When using points the breakfast is included as well. In my opinion it is better to use the above mentioned Inspire certs than 22000 per night.
Hyatt also offers a second option when using points something called Passport Escapes. These awards also include set number of dinners in addition to breakfast. The breakfast is included at this property at regular redemptions levels too. When redeeming five nights stay the normal reward would cost 110 000 points and this Passport Escape 145 000 points but includes three dinners as well. At this property the average dinner per person probably cost in excess of $100. So if going the points route this redemption option is good to keep in mind.
