This summer and fall, Membership Rewards members can save over 50 percent off award stays at some of the world’s finest hotels and resorts. Here are just a couple of the properties offering point redemption discounts.

The Lodge at Vail, located in Vail, Colo., is a world-renowned hotel located in the heart of Vail Village, just steps away from world-class skiing and shopping. Additionally, it was recently voted to Travel & Leisure’s “Greatest 500 Hotels in the World” list. Membership Rewards members who act quickly and travel to Vail before June 10 or between Oct. 10 and Dec. 16 can enjoy this luxury accommodation for just 20,000 points (normally a stay would run 60,000 points per night). Members who can’t make it during those dates, but who can make it between June 11 and Oct. 9 will pay 30,000 points per night. To learn more about The Lodge at Vail, visit http://www.vailresorts.com.

Members who are heading to St. Martin for a summer getaway may want to saunter over to the Le Meridien L’Habitation for a night’s stay. Free stays are only 20,000 points per night for stays through Aug. 21, or between Oct. 10 and Dec. 17. Normally, it takes 25,000 points to rest your head here.

This unique property is situated near the bay of Anse Marcel on one of St. Martin’s finest beaches. Each room comes with its own private terrace or balcony. The hotel also features four restaurants, three bars and two swimming pools. For more information about the Le Meridien L’Habitation, visit http://www.lemeridien.com.

There are several more properties offering redemption discounts, some of which base the amount of the discount on an individual’s point balance.

To learn of all available discounts, visit http://www.membershiprewards.com and log in to your account. To book a reward night, call (800) 297-3276.