Came here to say that UC has now purchased the hotel instead of just leasing some of it for student housing. Article says they will continue to operate it as a hotel.
Possible paywall:
https://www.sfchronicle.com/bayarea/...l-21103051.php
"While a spokesman for the UC Investments arm declined to comment on the purchase, Berkeley sources familiar with the plan said the university would continue to operate it as a full-service hotel with the same management and business model currently in place. "