Looking for a cheap New Year’s hotel? Don’t go here.

With a nightly rate of $351 for its most affordable room, Atlantic City ranks as the runner-up, just behind Miami Beach as the most expensive U.S. destination for New Year’s Eve.

Compared to what a guest would spend on a regular Saturday in January for the same room, the Atlantic Coast casino mecca is 232% more expensive. That positions Atlantic City as the destination with the highest rate increase among all those covered by the survey.