Fabled Southern Resort Possibly Saved By Marriott

| | 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?)

0 TrackBacks

Listed below are links to blogs that reference this entry: Fabled Southern Resort Possibly Saved By Marriott.

TrackBack URL for this entry: http://www.netwert.com/mt/mt-tb.cgi/673

Leave a comment

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Entry

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

Select Comfort closing stores was the previous entry in this blog.

Boater's World Stores Are Donezo is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.