WHITE SULPHUR SPRINGS, W.Va. (WBOY) — The second planned auction for The Greenbrier Resort will reportedly not happen, as the Justice family announced Tuesday night it has repaid its debt to Beltway Capital, the owners of a loan for the resort.
According to a statement from the Justice family, they have “completely satisfied” their obligations to Beltway Capital and have paid their debt “in full.” The family emphasized its stance that it had made all of its required payments ahead of their due dates under the settlement agreement.
The announcement also said that with the full repayment to Beltway, the planned auction for the resort set to be held Oct. 25 has been “cancelled and fully withdrawn.”
We are excited to have successfully paid in full our obligations to Beltway Capital and look forward to the future of The Greenbrier and Glade Springs. This will allow us to invest further in our operations and enhance the experiences we provide to our guests. We appreciate the continued support from our partners, the patience of our valued team members, for whom we know this was a stressful period, and we look forward to welcoming visitors for many years to come.
Dr. Jill Justice and Jay Justice
Previous coverage
The fate of The Greenbrier has been in flux over the past few months after a legal notice of trustee’s sale was posted for the resort in August, which planned to put the resort up for auction. This was due to JPMorgan Chase—the original owners of the loan Justice used to purchase The Greenbrier—selling that loan to Beltway Capital, which immediately declared it in default and began a lawsuit against Gov. Justice, per a statement from him and his family.
Justice and his family, who have owned the resort for 15 years , claimed the moves were political in nature , calling it “ANOTHER POLITICAL STUNT BY THE DEMOCRAT MACHINE” and vowed to defend their claims to the resort and to take “necessary protective action.”
About three weeks later, the two parties came to an agreement that would prevent the sale of The Greenbrier’s assets, so long as Beltway Capital received “a specific amount” of money by Oct. 24, 2024.
However, on Oct. 10, another legal notice of trustee’s sale was posted for the resort that said a default had occurred under the terms agreed upon and that the resort would be auctioned on Oct. 25 at 2 p.m. at the front door of the Greenbrier County Courthouse. A representative of the resort told 12 News’ sister station WVNS that the notice was merely a “procedural matter” and that Beltway would be paid in full by the Oct. 24 due date.
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