Hi,
I just got home this morning from using my points to stay at the Hotel New York in DLP for 3 nights.
It was fabulous to be able to have this budget trip, when I have a 2 week WDW trip in October. It cost me approximately £250 for everything, it would have cost me over 1500 Euros for the same trip if I had paid rack rate.
It does cost more points to stay at the more "deluxe" hotels, but I had banked points that were going to expire.
You have to pay the $95 fee and also buy length of stay passes from Member Services when you book.
The Hotel New York and
Disneyland Hotel have cooked breakfast items included with the standard continental/ cereal type breakfast, but the other hotels do not.
I think it is really worth it if you have spare points, it works out to be a lot cheaper than paying cash, and you get the same service for a lot less. I am considering doing it again next year, but will try to avoid weekends, as they are a lot busier, even in low season.
If you have any other questions I could help with, just ask.