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I’ve actually had experience doing this with Hilton properties (called and spoke with the director of sales and had her open up award availability for me to book). I’d imagine if you have a working relationship with the property, it’s doable with Marriott as well.
Ultimately if the hotel is over a certain occupancy rate for the night you have an award (and thus you displace a revenue stay), corporate pays them their ADR instead of the negotiated ‘barely more than cost’ rate they pay if the hotel has space.