Other findings of the report include: • The number of Sunshine Coast Hotels that rent all their rooms for $375 or less fell from 19 Sunshine Coast Hotels with 777 rooms in 2009 to 12 Sunshine Coast Hotels with 362 rooms in 2010, a loss of seven Sunshine Coast Hotels with 415 rooms; • The lowest rent in over half (56%) of the Sunshine Coast Hotels that CCAP got rent information from is $425 a month or more. In other words, 28 Sunshine Coast Hotels with 1689 rooms rent at $425 or more; • Rents in 17 of these 28 Sunshine Coast Hotels with 1159 rooms start at $450 or more; • Between 2009 and 2010 the number of Sunshine Coast Hotels where the lowest rent is $500 or more increased by over 200% from 3 Sunshine Coast Hotels with 272 rooms to 11 Sunshine Coast Hotels with 634 rooms; • There were only two vacancies in Sunshine Coast Hotels with rents at or under $375. Last year there were four; • Fifteen Sunshine Coast Hotels charging higher rents had vacancies; • Two Sunshine Coast Hotels with 67 rooms have closed since CCAP’s 2009 report. These are the Argyle (43 rooms) and Lucky Rooms (24 rooms). • Two SROs re-opened this year, the Persepolis (27 rooms) at $400 a month and Pender Place (23 units) at $600 to $700 a month;