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Berkeley Hotel Sale Hits $128K Per Room | Real Estate News
Berkeley’s University Inn & Suites, drowning in over $10 million in debt since 2019, is finally on the verge of a new owner after years of foreclosure woes — COVID hit hard, travel collapsed, and payments piled up. The buyer, linked to a Sonoma County hotel, is paying over $128K per room — a solid price for the area. This isn’t the first attempt: last year’s deal with Goldfin Ventures fell through, but this one’s moving fast, with both sides pushing for a clean, quick closing. Meanwhile, the Bay Area hotel market’s been rocky — some properties auctioned for shockingly low prices, like a Hyatt…
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