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Marriott Clears Path for Justice, Greenbrier

Published Tuesday, May 19, 2009

Marriott and a bankruptcy filing no longer stand in the way of Jim Justice's bid to purchase the Greenbrier. The two suitors reached an agreement allowing Marriott to market the resort and then receive commissions for any bookings it creates, and in return, the hotel company didn't contest today’s hearing to dismiss the bankruptcy filing. A federal judge did the rest, dismissing the filing. If the two sides can't work out details of the plan in the next 30 days, Marriott will receive a $7.5-million breakup fee from Justice. The native West Virginian, who bought the stock of ...

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