Billionaire Battle: Senator Jim Justice Accused of Mismanaging Greenbrier Hotel Amid Hostile Takeover Bid
Billionaire war erupts as colorful tycoon is accused of running iconic Greenbrier hotel into the ground by moguls who are plotting hostile takeover bid
Image: Mail Online
Senator Jim Justice faces allegations of neglecting the Greenbrier hotel, which he purchased in 2009, as he struggles with significant debts. Texas moguls Robert and Blake Rowling, who paid off $289 million of Justice's debt, are planning a takeover, claiming they can manage the historic hotel better.
- 01Senator Jim Justice, who bought the Greenbrier hotel in 2009, is accused of mismanagement and neglecting its upkeep.
- 02Texas-based Robert and Blake Rowling have paid off $289 million of Justice's debts and are planning a takeover of the hotel.
- 03Justice's financial troubles stem from his coal business, which he sold for $400 million and later repurchased for $5 million, inheriting significant liabilities.
- 04The Rowlings allege that Justice has threatened them regarding his influence in state courts, a claim Justice denies.
- 05Justice claims to have secured $500 million in financing to cover his debts, but the Rowlings are skeptical about the existence of this funding.
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Senator Jim Justice, 75, is under fire for allegedly mismanaging the historic Greenbrier hotel in West Virginia, which he purchased out of bankruptcy in 2009. Local reports indicate that the hotel is deteriorating, with issues like chipped paint and worn upholstery, as Justice struggles with significant personal debts. Texas businessmen Robert and Blake Rowling, who own Omni Hotels & Resorts, have paid off $289 million of Justice's debts and are now plotting a takeover, claiming they can better manage the iconic establishment. Justice's financial woes began after he sold his coal mining business for $400 million in 2009, only to buy it back for $5 million in 2015, inheriting millions in environmental liabilities. The Rowlings allege that Justice has threatened them regarding his influence over state court judges, a claim he denies. While Justice asserts he has secured $500 million in financing to address his debts, the Rowlings remain skeptical about its validity. The situation highlights a significant power struggle over one of West Virginia's most cherished landmarks.
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The ongoing financial struggles of Senator Justice could affect the future of the Greenbrier hotel, a significant landmark in West Virginia.
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