Looks like the hotel is closing by December and will be demolished:

https://www.nj.com/bergen/2023/09/la...arehouses.html

Apparently, the hotel business only occupies a portion of the huge structure. The rest was office space, but with the post-COVID changes, the office space is only 30% occupied.

The plan is apparently to demolish the hotel and build two huge industrial warehouses, which will be more profitable for the owners.