The owner of an unfinished hotel-condominium won its push to stop wealthy Wellington developer Glenn Straub from reserving most or all the proceeds from the Palm Beach property’s sale in a bankruptcy auction.

After filing for Chapter 11 bankruptcy protection last August, the Palm House Hotel’s owner, 160 Royal Palm LLC, asked to auction the salmon-colored, 82,648-square-foot building at the center of civil and criminal allegations of EB-5 investment visa fraud.