Burgeoning boutique chain Graduate Hotels is offering an innovative summer savings package that amounts to unlimited hotel stays for a one-time fee of just $400.

Dubbed "Hall Pass," the package will go on sale on the Graduate Hotels site on June 17 at 12:00pm Central Standard Time. Only a limited number will be available, so if you are interested, you had better be ready to buy one at that time. For $400, purchasers will be able to book stays at any of the 15 participating properties between July 15 and August 15.

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