Justice Family Reaches Agreement on Greenbrier Resort

The Justice family has reached an agreement with Beltway Capital to avoid the auction of the Greenbrier Hotel, which was prompted by a default on a $142 million loan from JPMorgan. Under the terms, a specific amount will be paid in full by October 24, 2024, and the family has secured the necessary funding. The agreement settles one of several issues facing the Justice family, including a separate lawsuit regarding a $35 million pandemic relief fund and concerns from a labor union about employee health benefits. Beltway Capital retains rights if the payment is not made, while the Justice family claims the auction was a 'political stunt'. The resort's financial troubles have raised questions about the family's broader financial stability amid ongoing political aspirations for Gov. Jim Justice. The auction was initially scheduled for August 27, 2024, but has now been cancelled following this agreement.