BERKELEY — A Berkeley hotel could head to the auction block now that a lender has urged a bankruptcy court to pave the way for the property’s foreclosure.
The University Inn & Suites hotel at 920 University Ave. is mired in a bankruptcy court case that its owner, Kubera Hotel Properties, filed as a way to ward off a foreclosure.
Hotel lender Wilmington Trust says it is concerned that Kubera Hotel Properties has failed in several instances to land a buyer for the site as a way to pay off the property’s debts. The lender has asked a bankruptcy court judge to terminate the legal proceeding…