Hotel question

Right then, i booked a hotel and flight package through expedia to new york in December (3rd time ive booked the same package with them). I booked and paid in full in Feb whilst the prices were low. There are now rumours on tripadvisor that the hotel is closing on December 1st for renovations until 2021! I emailed the hotel who said to contact the revenue department tomorrow. I can't see why they couldn't just confirm or deny if they plan to close. I called expedia who said they aren't aware of this and not to worry because i have a confirmed reservation. Has anyone experienced anything like this? I've looked online and everything is either fully booked or far more expensive and or in a location where i dont want to be. There's me and my mrs and 3 kids so we booked a suite and there's not many hotels with such rooms especially this close to xmas. If the hotel does close where do i stand? Do they have to relocate us? Or is it a case of there's your money back tough shit?