The bank that holds the mortgage on the Crowne Plaza Hotel complex has initiated foreclosure proceedings against the two entities that hold the note, six months after both corporations were involuntarily dissolved by the state. Santander Bank announced its intent to foreclose on the $ 16.5 million mortgage held jointly by Berkshire Common Corp. and Shireberk Corp. on Jan. 5, according to documents on file at the Middle Berkshire Registry of Deeds in Pittsfield.
