Creditors Once Again Advertise Sale Of The Greenbrier

After averting the sale of the Greenbrier in August, Jim Justices’ family’s hotel is slated to be foreclosed on again. 

The hotel is scheduled to be sold on the Greenbrier County Courthouse steps on Oct. 25 at 2 p.m. The Justice family has until the day before the sale, Oct. 24, to make a $24 million payment to avoid the sale of the property. 

At a regular administration briefing, in which he was asked multiple questions about the hotel his family owns, Justice said this is all procedural and he is currently in good standing. 

“You know, we have, we’ve got a good relationship and we’re on track,” Justice said. “All this will be taken care of, just as it’s supposed to be retired and taken care of by the 24th of the month.” 

The August Announcement

This all started after Chase Bank sold a multimillion dollar loan for the Greenbrier to a collections bank known as Beltway Capital, that specializes in real estate. Beltway’s subsidiary, McCormick 101, announced that it would sell the property on the county courthouse steps on Aug. 27. A few days before the sale, the Justice family made an agreement with the bank. 

“Under the agreement, Beltway Capital will receive a specific amount to be paid in full by Oct. 24, 2024 with which Justice has already secured this funding. Beltway reserves its rights if the Justice family fails to perform,” said an email from Justice companies on Aug. 22. 

The Hotel Employees

The Greenbrier employs around 2,000 employees during peak season. Those employees’ jobs hang in the balance between both this possible closure and the last one in August. 

“All of a sudden, you’re in a situation where 2,000 employees are going to basically be destroyed, and you don’t know what in the world to do,” Justice said while explaining that he feels that he and his family have been mistreated in the business dealing surrounding the hotel. 

Justice has made allegations that the sale of the property by Chase Bank was politically motivated, and that he previously had a good relationship with the bank. Representatives for the bank have reiterated the Justice family missed multiple payments, and was not in good standing.

In August, Greenbrier employees were notified that they could lose their health insurance due to the Greenbrier Hotel Corporation’s nonpayment. The Greenbrier ultimately made a deal with the healthcare company, and the employees maintained their healthcare coverage. 

Greenbrier Won’t Be Managed By Omni

Justice has also dismissed rumors prevalent on social media that the hotel was going to be bought or managed by Omni Hotels.   

“There is no way that Omni is buying a part of the Greenbrier or going to run the Greenbrier,” Justice said. “There is no way. There is no discussion. There has been no discussion. And I don’t know why in the world, we run with rumors that the rumors”