Buyer emerges for East Bay hotel that faces foreclosure and bankruptcy

BERKELEY — A buyer has emerged for an East Bay hotel whose owner filed for bankruptcy just ahead of a foreclosure effort that the property’s lender launched in an attempt to seize ownership of the lodging site. University Inn & Suites, a 113-room hotel at 920 University Ave. in Berkeley, defaulted on a $10.5 million loan that the hotel obtained in 2019. The loan default was filed on Feb. 11. Kubera Hotel Properties, the principal owner of University Inn, has won a judge’s approval to sell the hotel to Goldfin...