The Resort at Glade Springs acquired by owner of Greenbrier

West Virginia businessman Jim Justice, who bought The Greenbrier out of bankruptcy last May for $20.1M, added a second West Virginia golf resort community to his holdings after acquiring The Resort at Glade Springs. The Justice Family Group holds a 92.5% stake in the 4,100-acre master-planned golf resort community. Financially strapped Elmer Coppoolse and his EMCO Hospitality Inc. retains 7.5% ownership share and management of the resort property.

The Glade Springs purchase includes 203 hotel rooms, cottages and villas, 15,000 s.f. of meeting space, three 18-hole golf courses (including one designed by George Cobb) an equestrian center and various other amenities, but not Winterplace Ski Resort nor the resort’s real estate business. Glade Springs is located 39 miles from The Greenbrier. Justice will market the two resorts as sister properties, allowing guests to play six different courses between the two resorts, including the Greenbrier’s classic Old White Course designed by C.B. Macdonald and Seth Raynor.

This article originally appeared in the April 19 edition of Golf Business & Real Estate newsletter.

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