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Unless you fly southwest it's not a good deal
It's a great deal. I don't fly southwest. Someone did the math on here a while ago and well worth the exchange.
Don't have a perspective on EWR. In general though, smoking deal if you have a companion. 90k SPG = 270k M = $2,250 paid. 120k SWRR doubled for companion = 240k pts = $3,600. Plus you get the 7-night Marriott stay (upgrade able to higher categories) + the companion pass has add to value if you keep using it after the miles are gone.
I don't typically for Southwest, but I will for this, I think. I also don't have a companion, but perhaps with one of the kids it would make it cheaper.
Can you gift the points and companion pass to someone else? I'd like to give it to my parents
Not really. Can transfer Marriott points for flat $10 fee to anyone... but only 50k / year.. SPG point transfers are same household only (have to have been registered at same address for 30 days, and the companion part of the deal expires before then). And the transfer from Marriott to SW has to be name-matching.
Also, SW to SW transfer would not be eligible. Only the hotel-to-SW transfer is companion-eligible. And only then until 3/31