IHG published the PointBreaks list on Feb 25th, 2019 for hotel reservations valid till May 31st, 2019. As IHG have moved from 1 tier of PointBreaks bookable at 5k points to 3 tier of PointBreaks bookable for 5k, 10k and 15k points there are more opportunity of getting discounted award at more participating hotels albeit at lesser percentage discount.
The issue with the PointBreaks list is that the participating hotels make available limited number of nights in this promotion which can get filled up pretty quickly if those are tourist destinations. So what's the best bet to get on this discount? The answer is speculative reward booking if you have available points and know the approximate dates you might use those reward nights.
For e.g. below is current list of worldwide hotels (excluding United States) as of this writing which can be booked for 10,000 IHG reward points.
Holiday Inn & Suites Oakville @ Bronte
Holiday Inn Express & Suites Regina Downtown
Holiday Inn Express & Suites Saskatoon Centre
Staybridge Suites Saskatoon - University
Holiday Inn Express Torreon
Holiday Inn & Suites Leon Plaza Mayor
Holiday Inn Express & Suites Silao Aeropuerto - Terminal
Holiday Inn Chilpancingo
Staybridge Suites Guadalajara Expo
NUEVO LEÓN, MEXICO
Crowne Plaza Monterrey Aeropuerto
InterContinental Presidente Puebla
Crowne Plaza Queretaro
SAN LUIS POTOSI , MEXICO
Staybridge Suites San Luis Potosi
Crowne Plaza Tuxpan
Crowne Plaza Santo Domingo
InterContinental San Salvador-Metrocentro Mall
Holiday Inn Express Gent
Holiday Inn Express Rome - East
Holiday Inn Express Moscow - Khovrino
Holiday Inn Bursa - City Centre
Holiday Inn Istanbul - Tuzla Bay
Holiday Inn Algiers - Cheraga Tower
Crowne Plaza Beirut
Crowne Plaza New Delhi Rohini
Holiday Inn Baguio City Centre
As you can see there are quite a few hotels outside of United States as of this writing but the list dwindles down as more and more folks book these hotel reward nights. So, if you have any dates where you can potentially stay at these hotels, book the reward nights NOW!!
Most of these hotels allow cancellation without penalty for reward night's if cancelled before 48 hours of intended stay date (do check the terms for the property as some of them might require earlier cancellation). If your plans change and you can no longer stay on those dates you can easily cancel your reservation without penalty but at the same time you can speculatively guarantee that those hotels are booked at PointBreaks reward rate. (Tip - If you do not know the exact dates, you can make separate 1 night reservation's so you can cancel the one's you don't need at the future date thus giving you some flexibility).
So, go ahead and book the discounted reward nights at participating IHG hotels while available and use it hopefully!
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