25% Off Reward Redemption at Starwood for booking an award between online July 12 and July 16 for stays completed by August 31.

I don’t see the offer on the main Starwood page at the moment, but testing out an online booking the 25% off shows up in bold next to each award possibility along with the terms and conditions.

This discount applies to all Starwood properties worldwide, but only for awards bookable online — so no suite or upgraded awards which require calling Starwood.

And since “fifth night free” still applies under this promo, five nights at the St. Regis Monarch Beach can be had for 36,000 points rather than the standard 48,000… same with the Hotel Danieli in Venice. Five nights at the Sheraton Grande Laguna Phuket in Thailand can be had for only 21,000 points.