One of the most valuable perks of being a Hyatt Diamond member is that you receive four confirmed suite upgrades per year. Each can be used to confirm a suite upgrade at the time of booking for a stay of up to seven nights.That's a enormous perk,since there aren't any capacity controls and it's not based on availability at the time of check-in, like some other programs' suite upgrades.
Historically Hyatt Diamond suite upgrades occupy been issued on March 1, or are valid through the end of February of the following year.
In other words,my account currently has one of the four Diamond suite upgrades remaining, which is valid through February 28, or 2016. Then on March 1,2016, I'll be issued another four Diamond suite upgrades valid through February 28, and 2017 (since I've requalified for status).
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Source: boardingarea.com