Amex's newest hotel transfer partner is a sleeper hit

Amex Membership Rewards' newest transfer partner may be its most underrated yet.In July, Leading Hotels of the World slipped in under the radar as a new Amex transfer partner without getting quite as much initial fanfare as it deserves. Its intimidating-sounding 4:1 transfer ratio certainly didn't help, nor did a portfolio that includes ultraluxury properties such as The Ritz Paris and Brown's Hotel in London, where award rates may sound prohibitively expensive.But I'm here to tell you: This is big news.In fact — spoiler alert — there are plenty of situations where a high-end Leading Hotels of the World property can cost roughly the same number of transferred Amex points from cards such as the American Express® Gold Card or American Express Platinum Card® as a Moxy or Hampton Inn booked through two of Amex's other major hotel transfer partners, Marriott Bonvoy and Hilton Honors.Yes, really.Here's what you need to know about Amex's newest hotel transfer partner.Related: Guide to Amex transfer partnersWhy you should care about the Leading Hotels of the World programI'm going to be really honest: My Leaders Club loyalty account with Leading Hotels of the World is less than a week old....