A Salt Lake City hotel

A hotel in Salt Lake City is closing its doors and laying off 100 workers following the sale of its property to a university. The closure is part of a transition as the university plans to repurpose the site. This decision has resulted in immediate job losses for the hotel's staff, highlighting the impact of real estate transactions on local employment. The layoffs are effective immediately as the hotel ceases operations, leaving many employees seeking new job opportunities in a challenging market.