Justice Agreement Avoids Greenbrier Auction, For Now

The Greenbrier Hotel, Owned by Gov. Jim Justice and his family, was slated to be auctioned early next week. However, the Justice family reached an agreement with one of his creditors to halt the sale — at least until October.

After weeks of uncertainty facing the Greenbrier, the Justice family has reached an agreement with Beltway Capital, the parent company of McCormick 101, which was responsible for foreclosing on the Greenbrier. 

The Justice family owed $40.2 million on a loan for the property and had fallen behind on payments since the loan was taken out.  

Justice says his original lender, JP Morgan Chase, sold the loan to Beltway Capital because of political motivations – he is a Republican nominee for U.S. Senate in November and is heavily favored to win. 

“When it’s all said and done, you know, what we’ve done is we’ve acquired those funds,” he said. “It’s going to cost our family a bunch of money.”

Justice has not provided evidence of political interference. JP Morgan Chase had a loan that was in default, and had no clear benefit to Justice losing the election. 

The family is still delinquent on another $36 million loan taken out for the Greenbrier with a Louisiana bank. That loan has been in default since December, and the Justices are millions of dollars behind on payments. 

Greenbrier employees were notified on Monday that they will lose their health insurance next week due to the Greenbrier Hotel Corporation being four months delinquent on premium payments. 

However, if the Greenbrier makes a timely payment, employees could hold on to their insurance, according to a letter on behalf of the health insurance company.

Their situation is unrelated to Justice’s loan delinquencies.