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  • The West Virginia Daily News

    The Greenbrier Resort Faces Auction Amid Debt Dispute, Governor Claims Political Motives

    By Rebecca Stalnaker,

    3 hours ago
    https://img.particlenews.com/image.php?url=0nedmx_0ukWVnEX00

    WHITE SULPHUR SPRINGS, W.Va. (WVDN) – The Greenbrier Resort is facing an auction to satisfy a debt, according to a recent legal notice. However, conflicting information has surfaced regarding the auction. This has led to confusion and uncertainty among the community. Here is everything we know so far:

    The legal notice, a notice of trustee’s sale, said, “Pursuant to the authority vested in the undersigned J. Patrick Jones, Substitute Trustee by Notice of Substitution of Trustee which notice is of record in the Office of the Clerk of the County of Commission of Greenbrier County, West Virginia, and by Deed of Trust dated November 26, 2014 and effective as of December 15, 2014, executed by Greenbrier Hotel Corporation to David M. Moore, Trustee, which deed of trust is of record in the Office of the Clerk of Greenbrier County, West Virginia, in Trust Deed Book 740 at Page 625, the undersigned Substitute Trustee has been requested, in writing, by the beneficiary of said deed of trust to sell the real estate and personal property described below, as there has been a default under the terms and conditions of said deed of trust. Therefore, the undersigned Substitute Trustee will sell the real estate described in the Deed of Trust, at a public auction on August 27, 2024 at 2 p.m. to the highest bidder at the front door of the Courthouse of said County of Greenbrier, in Lewisburg, West Virginia, which real estate is more completely described as follows:

    “All that surface only of that certain lot, tract or parcel of land together with the building and improvements thereon, situate in the White Sulphur District, Greenbrier County, West Virginia, and more particularly bounded and described as follows:

    “Starting at the point of beginning, which is the intersection of U.S. Route 60 and the main entrance to the Greenbrier Hotel, thence leaving said point N 70° 43’ 53” W 64.2 feet, thence N 25° 26’ 31” W 192.2 feet, thence N 54° 44’ 47” W 101.9 feet, thence S 84° 53’ 27” W 127.0 feet, thence N 69° 24’ 13” W 157.4 feet, thence N 52° 34’ 47” W 422.0 feet, thence N 47° 40’ 16” W 263.0 feet, thence N 68° 11’ 20” W 192.5 feet, thence S 74° 36’ 46” W 606.7 feet, thence S 26° 55’ 52” W 123.9 feet, thence S 53° 37’ 36” W 209.8 feet, thence N 80° 42’ 17” W 476.1 feet, thence N 31° 08’ 56” W 197.7 feet, thence S 25° 42’ 31” W 376.8 feet, thence S 50° 43’ 53” W 140.1 feet, thence S 10° 36’ 34” E 297.4 feet, thence S 56° 44’ 48” E 488.2 feet, thence N 16° 27’ 29” E 423.7 feet, thence N 77° 47’ 12” E 270.6 feet, thence S 72° 41’ 36” E 231.0 feet, thence S 25° 58’ 40” E 239.0 feet, thence S 08° 31’ 55” W 115.5 feet, thence S 27° 41’ 59” E 107.1 feet, thence S 42° 14’ 05” E 382.0 feet, thence S 42° 01’ 24” W 181.0 feet, thence S 37° 42’ 05” E 321.3 feet, thence N 77° 44’ 46” E 162.8 feet, thence with the meanders of U.S. Route 60 to the point of beginning, containing approximately 60.5 acres, more or less.

    “There is excepted from the above real estate those parcels which have been released of record from this Deed of Trust.

    “The above described real estate shall be sold together with all Improvements and Adjacent Rights, Fixtures, Personal Property and Equipment, Rents, Damage Rights, Permits for Land, Permits for the Other Property Rights, the Ancillary Rights collectively referred to as the “Premises” all of which is more completely set forth and described in the Deed of Trust.”

    The legal ad went on to describe the terms of sale.

    A source close to the situation told The West Virginia Daily News that at least some employees of The Greenbrier Resort received an email stating that the auction notice was false. This claim contradicts the legal notice and has sparked confusion among staff and the public.

    Governor Jim Justice’s office released a statement addressing the situation, confirming the validity of the legal notice but disputing the reasons behind it. The statement, titled “ANOTHER POLITICAL STUNT BY THE DEMOCRAT MACHINE,” all in caps, suggests that the notice is politically motivated rather than a straightforward financial matter.

    Attorney Bob Wolford of Grand Rapids, Michigan, representing the Justice family, emphasized that The Greenbrier will not be sold. “Let me be clear that The Greenbrier will not be sold, and the Justice family will take all necessary action to ensure that there will not be any adverse impact on their ownership of The Greenbrier or The Greenbrier’s operations,” Wolford stated. “The ability of The Greenbrier to continue to provide world-class service for its guests will be uninterrupted.”

    Governor Jim Justice purchased The Greenbrier Resort in 2009 for $20 million, rescuing the historic luxury hotel from bankruptcy. Under his ownership, the resort has seen significant investments and renovations, including the addition of a casino and upgrades to guest amenities. The Greenbrier has also become known for hosting the annual Greenbrier Classic, a PGA Tour event.

    The Greenbrier Resort, located in White Sulphur Springs, has been a significant landmark in the region. The unfolding events have raised concerns about its future and the impact on the local economy.

    Stick with WVDN for the latest information on this developing situation.

    The post The Greenbrier Resort Faces Auction Amid Debt Dispute, Governor Claims Political Motives appeared first on West Virginia Daily News .

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