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Greenbrier Resort finalizes $500M deal and ownership shift

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-19 06:18 UTC → 2026-08-26 22:01 UTC · added removed

Greenbrier Resort finalizes $500M deal with KLIM and ownership shift

The Greenbrier Resort in West Virginia has finalized a $500 million financial deal with New York-based Kennedy Lewis Investment Management (KLIM) to resolve existing debts and fund capital improvements. The agreement, structured as a joint venture, reportedly grants the investment firm KLIM a 51 percent controlling interest and a majority of seats on the resort’s five-member governing board. The Justice family, which has owned the resort since 2009, retains a 49 percent ownership stake and two board control. To facilitate seats, including one held by Jill Justice. Lloyd Nathan has been appointed as chairman of the transaction board, alongside directors Brian Dubin and meet requirements Doug Gerowski. The transition faced significant hurdles during the regulatory process. The resort previously threatened to close its casino rather than continue waiting for transferring a critical license review necessary for essential refinancing. This delay had placed approximately 90 jobs at risk and involved complex financial and political dynamics regarding the property’s stability. Ultimately, the West Virginia Lottery Commission approved the casino license to a new holding company, following the Greenbrier Casino Club ownership change. Governor Patrick Morrisey stated that his administration will undergo a temporary shutdown. This closure is expected continue to result in monitor the layoff of approximately 90 employees. The deal secures casino as the loan using resort properties, land, and timber assets. undergoes refurbishment. The successful restructuring has also resolved several legal conflicts. Lawsuits conflicts, including lawsuits in both state and federal courts concerning the control of the hotel—which included hotel and allegations of collusion between lenders and White Sulphur Springs Holdings—have been settled and dismissed following the finalization of the agreement. Holdings.

Versions

  1. 2026-08-26 22:01 UTC Greenbrier Resort finalizes $500M deal and ownership shift
  2. 2026-08-19 06:18 UTC Greenbrier Resort finalizes $500M deal with KLIM
  3. 2026-08-13 18:17 UTC Greenbrier Resort refinancing and licensing dispute

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