Debt paid on historic hotel owned by family of West Virginia governor, a US Senate candidate
The family of West Virginia Gov. Jim Justice, a Republican candidate for U.S. Senate, says it has paid off debts to avoid the foreclosure of their iconic hotel, The Greenbrier
CHARLESTON, W.Va. (AP) — The family of West Virginia Gov. Jim Justice, a Republican candidate for U.S. Senate, says it has paid off debts to avoid the foreclosure on its historic hotel, The Greenbrier.
The 710-room hotel, which has hosted U.S. presidents, royalty and congressional retreats, came under threat of being auctioned off on the steps of a Lewisburg courthouse this past summer. That was after JPMorgan Chase sold a longstanding loan taken out by the governor to a credit collection company, Beltway Capital, which declared it to be in default.
In August, the Justice family said it had reached an agreement with Beltway Capital to “receive a specific amount to be paid in full by October 24, 2024." The agreement delayed the auction, originally scheduled for late August, to October 25, unless the Justice family settled its debts.
Attorneys for the Justice family announced in a press release sent to The Associated Press on Wednesday that it has “satisfied its obligations to Beltway Capital and that the Beltway Capital indebtedness has been paid in full.”
