Citi Adds Preferred Hotels & Resorts As 1:4 Transfer Partner

Citi has added Preferred Hotels & Resorts as a transfer partner. You can transfer 1,000 Citi ThankYou points and receive 4,000 I Prefer Points. Website states that award nights start at 15,000 points per night with the most expensive properties costing 150,000 points per night. Unfortunately it’s difficult to find availability as it’ll show availability and then when you click through it only shows cash + points or cash as an option rather than straight points. If availability improves (or even if there is a better way to search) then this could become a very good transfer partner.