New York City hotel owners have been ordered to pay $500 million to employees who lost work because of the coronavirus pandemic — making the payout the largest of its kind, according to a report.

Tens of thousands of employees in the industry are set to benefit from an arbitrator’s September ruling, which forces roughly 75 hotel owners to cough up severance and health care benefits for their workers, sources told the Wall Street Journal.

The payout is the largest between hotels and workers in the Big Apple’s history, and it is likely to be the largest of its kind nationwide, once severance numbers are finalized, the report said.

“Continuing health care in the context of a pandemic is a critical thing,” Hotel Trades Council union president Rich Maroko told the outlet. “These severance payments are a necessity for our hotel workers after the federal supplements ended last summer.”

But the ruling comes as the hospitality industry has been devastated by the pandemic as city tourism and business travel have plummeted, Broadway shows are suspended and restaurants and museums are bound by limited capacity restrictions.

At least one hotel owner is fighting the arbitrator’s ruling while others have begun issuing payments, according to the report.

Early in the pandemic, many hotels stayed afloat with help from federal assistance loans, but with a second round of assistance halted, city hotel giants like Hilton Times Square and Roosevelt Hotel have announced they are permanently closing, the outlet reported.