I have over 250,000 LPs now and am licking my lips a little bit about our tentative September trip. Given that I can get a free room using these LPs, I decided to see just what I was getting for my money: that is, what the value of the prize is, by dividing the LPs cost by the actual cost. Notes: we'd be staying starting the Wednesday after Labor Day before moving downtown; I excluded Luxor and Excalibur since I don't want to stay there; these are the rates posted off of their websites before tax and resort fee. Mirage Deluxe Room for 2 nights: 75,000 LPs or $198; value=378.79 Mandalay Bay Great Room Suite for 2 nights: 100,000 LPs or $320; value=312.50 NYNY Spa Suite for 2 nights: 100,000 LPs or $180; value=555.56 Mirage Weeknight Tower Suite for 1 night (chose Wednesday): 125,000 or $239; value=523.01 Monte Carlo Deluxe Room for 2 nights: 150,000 LPs or $100; value=1500 Mirage Weekend Tower Suite for 1 night (chose Friday): 175,000 LPs or $549; value=318.76 Hotel 32 Studio for 2 nights: 250,000 LPs or $400; value=625 Bellagio Penthouse Upgrade for 2 nights: 262,500 LPs or $420 (penthouse rate of $459/night minus salone suite rate of $249/night); value=625 My initial thoughts are what a ripoff the MC prize is compared to, really, any other prize. I'm tempted at this point by the Penthouse upgrade because of the luxury of it all, Hotel 32 because I've never stayed there, and the regular Mirage prize because I've also never stayed there, and I could burn my other points on something else...like the third night at Mirage in a Tower Suite...Hmmmm.