SAN JOSE — The future of an East San Jose hotel complex is playing out in a Texas bankruptcy case that the property’s owner hopes will help ward off a foreclosure of the lodging site.
The property involved is a 204-room hotel hub that consists of a Motel 6 and a Super 8 by Wyndham, according to documents on file with the Santa Clara County Recorder’s Office and at the Texas bankruptcy court.
The bankruptcy case, filed by the affiliate that owns the two-hotel property, is poised to at least delay foreclosure proceedings. These types of bankruptcy cases don’t always prevent a foreclosure from eventually taking place, however…