The Greenbrier Gets a New Lease on Life May 07, 2009
By Kassia Shishkoff
The Greenbrier resort, which filed for bankruptcy earlier this year, won't be going away anytime soon. Jim Justice, a West Virginia businessman, announced today that his company, the Justice Family Group, purchased The Greenbrier resort and 80 percent of the Greenbrier Sporting Club by acquiring stock from The Greenbrier’s holding company.
"I am very excited to become part of one of America’s finest traditions," said Justice in a statement. "The Greenbrier is uniquely 'West Virginian,' and I look forward to working with the team to build on its legacy."
Justice also said that he wants to give the resort a new beginning, part of which will include dismissing the bankruptcy filed in March.
"Even though the current economy is taking its toll on the resort, we are going to take a long-term view by focusing on reclaiming our five-star status and making the right investments for future growth," Justice said.
The 231-year-old resort, located on 6,500 acres in the West Allegheny Mountains, is a National Historic landmark and a popular destination for presidents and royalty. It has extensive space for meetings and events as well as various restaurants and bars. Among more than 50 recreational activities, The Greenbrier offers a 40,000 square-foot spa and three championship golf courses.
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