A hotel in Egg Harbor Township, N.J., that reportedly raised its room rates by as much as 150 percent after Gov. Chris Christie declared a state of emergency in advance of Superstorm Sandy has agreed to pay nearly $65,000 to settle allegations of price gouging. State officials claim that Amy Hotels, doing business as Econo Lodge, increased its rates to $199.99 per night, when its normal rate prior to the emergency declaration was only $79.99. The state alleged that the company engaged in 545 instances of price gouging from Oct. 27, 2012, to Nov. 5, 2012. Read more over at Courier-Post Online.
