Employment Law Questions? Ask an Employment Lawyer.
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Who owned the hotel/restaurant... is it privately owned?.
Do you work for the hotel/restaurant and receive a paycheck from them?
How many people would be out of work if they closed?
Ok, then unfortunately, unless you are under a written fixed term employment contract, then you would be considered an employee at will in PA. What this means is that an employee can quit or an employer can fire or change the terms of employment (change hours, location, duties, pay, etc.) at any time for any or no reason at all.
So they wouldn't legally have to give you any notice at all if they chose not to do so and could shut down immediately once a sale is completed.
As for unemployment, the state will provide benefits to any workers who lose their jobs and it is funded by the unemployment compensation payments the employer has paid in over the years to the state.