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Iconic Greenbrier Hotel listed for public auction due to defaulted loan
Iconic Greenbrier Hotel listed for public auction due to defaulted loan
by STAFF REPORTS
Thursday, Aug 1st 2024
WHITE SULPHUR SPRINGS, W.Va. (WCHS) —
The Greenbrier Hotel, owned by West Virginia Gov. Jim Justice and his family, could be going up for auction later this month, according to a legal advertisement placed in a Lewisburg newspaper.
The Notice of Trustee’s Sale placed in the West Virginia Daily News calls for a public sale on the Greenbrier County Courthouse steps at 2 p.m. on Aug. 27 due to a loan declared to be in default.
The governor’s family and JPMorgan had been working in good faith under a mutual agreement since 2021 to successfully reduce the debt by $9.4 million, according to a statement from the Justice family.
At the beginning of July, the governor said his family was notified by JPMorgan that their loan, originally for $142 million, had been sold to Beltway Capital who immediately declared the loan to be in default, the statement said.
{snip}
by STAFF REPORTS
Thursday, Aug 1st 2024
WHITE SULPHUR SPRINGS, W.Va. (WCHS) —
The Greenbrier Hotel, owned by West Virginia Gov. Jim Justice and his family, could be going up for auction later this month, according to a legal advertisement placed in a Lewisburg newspaper.
The Notice of Trustee’s Sale placed in the West Virginia Daily News calls for a public sale on the Greenbrier County Courthouse steps at 2 p.m. on Aug. 27 due to a loan declared to be in default.
The governor’s family and JPMorgan had been working in good faith under a mutual agreement since 2021 to successfully reduce the debt by $9.4 million, according to a statement from the Justice family.
At the beginning of July, the governor said his family was notified by JPMorgan that their loan, originally for $142 million, had been sold to Beltway Capital who immediately declared the loan to be in default, the statement said.
{snip}
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