Skip to Content

The Greenbrier Files Chapter 11, Makes A Deal With Marriott

greenbrierBack in January, I wrote about the trouble befalling the historic Greenbrier resort in West Virginia. The luxury resort, which is a National Historic landmark property, lost $35 million last year and filed for Chapter 11 bankruptcy amid heavy debt.

The Greenbrier, which is owned by railroad company CSX has worked out a deal with the Marriott hotel chain. CSX will lend Marriott $50 million to operate the luxurious four-star resort for two years and then Marriott will repay that loan and give CSX between $60 million and $130 million within seven years depending on the resort's financial performance. The deal allows the resort to stay open and saves it from a worse fate, it could have ended up in Donald Trump's hands.
Subscribe to these comments

Reader Comments (Page 1 of 1)

Featured Galleries

Aperion SLIMstage30 Speaker System
Fortis Spaceleader Volkswagen Design White Watch
Gustafsson & Sjogren Stockholm watches
Sensai Summer Skin Care and Makeup Must-Haves
Four Season Provence
Casa Noble Tequila
Turks & Caicos Style
Ulysse Nardin Lady Diver Watch New Colors
Vacheron Constantin Historiques Aronde 1954 Watch