Hilton Honors added a very popular hotel to its portfolio this year that is very sought after among those wishing to redeem their points.
Waldorf Astoria Maldives Ithaafushi is an outstanding property, but I ended up leaving early last month after several service issues. I wrote about the F&B spend (read more here) and expenses at this hotel.
You can access the Waldorf Astoria Maldives website here.
Here are the rate rules for an award reservation at this hotel:
This reservation requires a credit card deposit of $28,396.00 USD which will be charged to your card. If you wish to cancel, please do so 30 days prior to arrival to avoid cancellation penalties. 960,000 points will be deducted from your point balance. (Your account will be updated within 2 hours.)
If the slider is used to select a Points & Money combination, that selection is final once your stay is booked.
Here’s video of the beach villa:
I find this trend of hotels charging excessive deposits for award reservations to be appalling. You are essentially giving the hotel an interest-free loan and exposed to FX fluctuations. Also, if the hotel goes under, you are an unsecured creditor, and Hilton juts washes its hands.
There is a reason why they do this, however. Certainly, most find $30K deposit excessive and book elsewhere (precisely what the hotel wants).
We have requested clarification from Hilton if there is a limit on deposit amounts that hotels can require for award reservations.