Aug 22, 2024, 3:53 PM
Aug 22, 2024, 12:00 AM

West Virginia Governor's Family Avoids Hotel Foreclosure

Highlights
  • West Virginia Governor's family reaches deal to avoid Greenbrier hotel foreclosure.
  • Agreement with credit collection company averts hotel foreclosure as governor runs for U.S. Senate.
  • Crisis averted for historic hotel as Governor Justice's family secures rescue agreement.
Story

— The family of West Virginia Governor Jim Justice is seeking a court order to prevent the auction of The Greenbrier resort's hotel, scheduled for Tuesday. The historic 710-room hotel, which has hosted numerous dignitaries and events, is facing auction due to a loan default after JPMorgan Chase sold the loan to a credit collection company, McCormick 101, a subsidiary of Beltway Capital. The Justice family claims to have reached an agreement with Beltway Capital to settle the loan by October 24, 2024. Governor Justice has publicly criticized the loan sale, suggesting it was politically motivated to undermine his campaign for the U.S. Senate. He stated that his family had made payments on the loan as recently as June and was not informed of the sale until July. Justice emphasized the potential job losses that could result from the hotel’s auction, describing the situation as one that would lead to "carnage and devastation" for the local community. In a related development, approximately 400 employees at The Greenbrier received notices indicating they would lose health insurance coverage unless the Justice family pays $2.4 million in overdue contributions. Concerns have been raised by union officials regarding missing contributions that were deducted from employees' paychecks but not transferred to the health fund. As the situation unfolds, Justice remains focused on his Senate campaign against Democrat Glenn Elliott, the former mayor of Wheeling, while assuring that the welfare of The Greenbrier's employees is a priority.

Opinions

You've reached the end