Fabled Southern Resort Possibly Saved By Marriott

By
Choire Sicha
, March 23, 2009 9:58 AM | | Comments (0) | Retweet

The Greenbrier Resort in West Virginia, host to every U.S. President since Eisenhower, has endured speculation about a purchaser for some time, as it lost $35 million last year alone. The enormous facility—720 rooms! A 40,000-square-foot spa!—filed for bankruptcy last week and, pending approval, will be "bought" by Marriott, and by "bought" they mean that the current owner, railway giant CSX, will pay Marriott $50 million to operate it in exchange for not much more money than that. Unless that deal goes south. (Get it? South?)

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This page contains a single entry by Choire Sicha published on March 23, 2009 9:58 AM.

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