You could fairly easily get $2,500 out of this deal. below are some conservative estimates of Hyatt redemptions. United or any of the airlines could net you much more if you fly international first/biz.
-$450 fee
+$600 in reimbursed travel in '16/'17
+$2,500 - 100k UR points transferred to Hyatt to stay 20 nights at the Hyatt Regency Wichita at 5k a night averaging $125 a night
Total: $2,650
-$450
+$600
+$1,700 - 4 nights at the Grand Hyatt Kauai at 25k a night avg. $425 a night
Total: $1,850
Even if you just used them via the Chase site like it's Expedia which I would almost never suggest you do you're still getting:
-$450
+$600
+$1,500 in travel at 1.5 cpm
Total: $1,650