It's more than the couple of free breakfasts though, you get free parking (including valet parking) on award nights. No resort fees if you pay cash for the room (all award bookings get waived resort fees).
Is this part of that Bilt promo? Something to be aware of is that the Milestone Awards with Hyatt still have to be earned with elite nights...awards such as free Cat 1-4 night certificate, suite upgrades, concierge, etc. Getting Globalist from the Bilt promo won't be enough to get you those other perks.
There is a good write-up of doing mattress runs for the Bilt promo and whether or not it's worth it on FM
HERE. If you don't plot out where you'd use Globalist for the rest of this year and 2024 then it may not make a lot of sense.