According to The-Sun.com, the Sheraton Hotel in Mahwah, New Jersey, approximately 28 miles from Manhattan, will lay off 91 employees by December 15. The 22-story structure is also reportedly about to be demolished.
A Closer Look
As documented by NJ.com, Township Mayor Jim Wysocki said the hotel's present income from guests and corporations is not encouraging for the proprietor, Crossroads Development Corp.
The business is scheduled to construct two warehouses on the site according to Patch. Various booking sites say the hotel will shutter for renovations from December 14 to May 31, 2024. But the dates following December 15 are sold out, and unavailable for reservations.
On the hotel's website, there is no evidence of any closure, but advertisements showcase vacation packages valid until January 31, 2024.
As with other company operations around the country, including various financial institutions, clothing retail stores, and restaurants, the economic challenges of the Sheraton in Mahway add to the onslaught of monetary woes in every business sector across the country.