Hotels across San Francisco are raising their rates to cash in big for Super Bowl 2016, according to a recent survey conducted by CheapHotels.org. Although Levi’s Stadium in Santa Clara, where Super Bowl 50 is taking place Feb. 7, 2016, is located around 40 miles southeast of San Francisco, almost 60 percent of hotels in the City by the Bay are already sold out due to a small number of rooms around the stadium.

In San Francisco, the hotels still offering availability are increasing their rates by 124 percent, on average, according to the survey, while others are hiking their prices by a lot more. One example is the Monarch Hotel, a budget accommodation located in San Francisco’s theater district. During the Super Bowl timeframe, the hotel is charging $649 nightly for a standard room, representing an increase of 335 percent over its usual price.

The biggest price gouger, however, is Andrews Hotel. This 3-star accommodation, which is located two blocks from Union Square, is charging an overnight rate of $889 for a standard double room during the Super Bowl, almost 400 percent more than usual.