an edmonton roadtrip -- three hotels to choose from ... i hope i made the right choice

i'm making a roadtrip to edmonton today. my goal is to stay in the downtown region as that's where friends are normally staying. so here are my three choices:

1) days inn edmonton downtown: close to my friends' places and their work, free internet, free parking ($10 value). bookable on hotels.com and paying in canadian funds. total hotel cost: $130. big crumbs offers a 4.55% rebate, and hotels.com's hotelrewards gives back 10%. it's a days inn ... i'm not looking for something fancy. i've stayed there before, can attest to its general cleanliness, and its no-frills kind of feel.

2) holiday inn express edmonton downtown: two-three blocks further from my friends' location, parking is an extra $10. free breakfast is included. i have gold status with the intercontinental hotel group, not that it gives any additional value. they were booked solid until yesterday, when probably due to weather and flooding problems in southern alberta, cancellations happened. i would never pay $180 + tax for a downtown hotel in edmonton of all places. to be fair, in most places, really. but they had a nice points proposition:

the maximum amount that i would be willing to pay at most for a hotel in that area would be around $150. the days inn satisfies that requirement. however, for an equivalent hotel, i could get it for 15,000 priority club points (roughly $1,500 in hotel spending). this is their lowest tier of spending. this gives an approximate value of $0.01 per point.

you can buy points for this reservation: 10,000 points for 70$, or 0.7 cents per point, no taxes added. (keep this in mind when you're being offered a chance to buy points -- points should never be sold at more than 0.7c per point!). the alternative calculation is to say that for a hotel that I would normally pay $150 for, i can get it for $70 and 5,000 points. so that's an 80$ savings in exchange for 5,000 points. that means that each of your points is worth $0.016.

note that with reward bookings (prior to july 1, 2013), there is no stay credits or point earning potentials.
 
3) four points by sheraton south. this hotel is located 5 miles away from downtown, offers free parking, and no breakfast. booking on the spg mobile app would yield a 500 point bonus and double starpoints. it would also yield another stay towards my quest for spg status. but it is 5 miles away!

in the end, i was cutting it close to the refund deadline time on hotels.com, and i thought that if i had to walk towards my friends' place, i'd rather be walking two blocks less. so laziness prevented me from booking a potentially great value for my 15,000 priority club points. there will be other opportunities in the future, i'm sure.