My Elite Rate was a solid benefit Hyatt rolled out last year that gave elite members a discount of up to 15% off the published rates of a wide variety of hotels. It was phased out for 2015, but it looks like it might be back in some form:
As indicated in this InsideFlyer thread, I was able to find rates at a number of Chicago hotels, all discounted either 10% or 15%. Oddly, I can’t find it in a number of other big cities like San Francisco, Dallas or New York. I do see these discounts available as far out as February, but they do seem to be isolated. Is Hyatt reacting to overtures by both SPG and Hilton to offer discounts when booking on their website? Or, is this something completely different? I’ve reached out to Hyatt to try to get further confirmation.