Legendary Greenbrier Resort Files for Bankruptcy

The Greenbrier Resort in White Sulphur Springs, W.V., is the latest luxury property to get hit by the recession. After 231 years in operation, the 721-room resort filed for Chapter 11 bankruptcy protection on March 19. Marriott International, Inc., intends to buy the property, pending bankruptcy court approval and new labor agreements.

The sales plan calls for The Greenbrier’s owner, Jacksonville, Fla.–based railroad company CSX Corp. to lend Marriott $50 million to operate the hotel

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