Family of West Virginia governor, running for Senate, has deal to avoid Greenbrier hotel foreclosure
The family of West Virginia Gov. Jim Justice says it has reached an agreement with a credit collection company to avert the foreclosure of their historic hotel as he runs for U.S. Senate
CHARLESTON, W.Va. — The family of West Virginia Gov. Jim Justice has reached an agreement with a credit collection company to avoid the foreclosure of their historic hotel as he runs for U.S. Senate, the resort announced Thursday.
The Republican governor's family had been set to appear in court Friday to ask a judge to halt the auction of The Greenbrier resort's hotel, which had been scheduled for Tuesday. That hearing has been canceled.
“It’s taken care of, and we move forward, and The Greenbrier is as whole as it can possibly be,” Justice said at a news briefing. “The Greenbrier is going to be in our family forevermore.”
The 710-room hotel has hosted U.S. presidents, royalty and congressional retreats. The resort held a PGA Tour golf tournament from 2010 until 2019 and has welcomed NFL teams for training camp and practices. A once-secret 112,000-square-foot (10,080-square-meter) underground bunker built for Congress at the Greenbrier in case of nuclear attack during the Cold War now hosts tours.
The hotel came under threat of auction after JPMorgan Chase sold a longstanding loan taken out by the governor to a credit collection company, McCormick 101 — a subsidiary of Beltway Capital — which declared it to be in default. In a statement, the Justice family said it had reached an agreement with Beltway Capital to “receive a specific amount to be paid in full by October 24, 2024.”
The family said it had already secured the money, although the Justices did not specify the amount.
“Beltway reserves its rights if the Justice family fails to
Read more on abcnews.go.com
