Hotels Prices During Sochi Olympics to Be Capped at $160 to $240 | themoscowtimes.com

During the 2014 Winter Olympics in Sochi a three-star hotel room will cost $160 per night and a four-star room $240 per night, organizing committee president Dmitry Chernyshenko said Sunday, RIA-Novosti reported. He said these are below-market prices but that investors are "meeting [the government] halfway."