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Iconic Greenbrier Hotel listed for public auction due to defaulted loan [View all]
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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