Montauk hotel chain is the latest company to announce that it is closing its doors.
The chain said Tuesday that it was closing the doors to all of its properties in Montauks hotel area, the last of which is in the city of Las Vegas.
The company announced Tuesday that the company would not be renewing leases with properties in the Montauck area.
The move comes amid a nationwide push to save on airfare, with some travelers paying the most for travel in the region.
A handful of other hotels have announced they are closing or reducing their hours in the area.
Hotel management said in a statement that the decision to close was made based on the declining demand for its rooms.
The Montaukeas city of Montauken is in an urban region with about 1.5 million people.
The resort town was established in 1887 and is located in the heart of the city.
A number of other resort towns and hotels have closed since 2015, with many saying that the business community’s changing attitudes toward the industry.
Many of the resorts and hotels in the West Palm Beach area also have closed or are being sold to hoteliers in other parts of the country.