The Sheraton hotel in Mahwah closed in December 2023 because the property owners received approval to redevelop the site by building two warehouses, marking the end of the hotel's operation. The closure led to layoffs of 91 workers. The hotel, which had been a community landmark since opening in 1987, was demolished in May 2025 as part of the redevelopment plan. The redevelopment decision was driven by progress and economic factors rather than the hotel's performance alone, and it reflects a shift toward industrial use of the site rather than hospitality. The hotel was known for hosting various events like weddings, conventions, and community gatherings during its lifetime.