Hoteliers fear a wave of closures is coming as the coronavirus pandemic has hammered occupancy rates, and say a New York City Council bill mandating workers be kept after a property sale could deal the industry a further blow. The measure, whose sponsor said could be voted on next week, would extend certain protections currently afforded to unionized workers to all hotel employees. After a property is sold, the new owner would be required to keep all workers on the job for 90 days.

Source: Wall Street Journal September 16, 2020 12:00 UTC