May 18, 2009
Greenbrier workers approve 'more beneficial' contract; Marriott to market resort
Advertiser

CHARLESTON, W.Va. -- Union workers at The Greenbrier resort have ratified an amended contract with the hotel's new owner.

Also, Marriott International has agreed to market the resort and withdraw its opposition to the sale.

Greenbrier employees voted 325-3 for the new collective bargaining agreement. The contract has more favorable terms for employees than a previous agreement reached last month, Greenbrier owner Jim Justice and the union said Monday.

Justice hired back furloughed employees and reopened contract negotiations after purchasing the historic resort in White Sulphur Springs on May 7 for $20 million. The contract provides significant improvements in health benefits, Justice said.

"I wasn't able to give them the world, but I was able to give back significant things," said Justice. "There were several positive givebacks, including health care."

Justice worked on the amendments with union leaders late last week.

"Jim expressed to the employees that he wanted an agreement that was more beneficial to them than the one previously ratified, and our membership strongly agreed," said Peter Bostic, business manager and secretary-treasurer of Workers United Local 863, which represents about 1,000 employees at the resort.

The union negotiated its previous contract with The Greenbrier's former owner, Jacksonville, Fla.-based CSX Corp., and Marriott International, which had planned to buy the resort until Justice came along.

On Friday, Justice and Marriott reached a tentative agreement that allows the hotel chain to market the historic resort. In exchange, Marriott won't challenge the resort's sale.

Justice and Marriott executives worked out the deal last Friday night at Greenbrier Valley Airport.

"It can be a wonderful marriage," Justice said. "Marriott will be an integral player in sending us guests. There are so many advantages that can come from this."

Two weeks ago, Marriott questioned The Greenbrier's sale, saying it had a contract to purchase the resort from CSX.

Under the tentative deal struck last week, Marriott will receive a commission for Greenbrier guests booked through the hotel chain's marketing network.

Justice said no written agreement has been signed, and many details must be worked out.

Justice would have to pay Marriott a $7.5 million "break-up fee," if the proposed deal falls through, or if Justice later cancels Marriott's marketing partnership.

Marriott executives said Monday that they never intended to own The Greenbrier over the long-term, and were pleased to avoid a legal dispute with Justice.

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Posted By: ClayCoBoy (1:24pm 05-18-2009)
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Another sell out.. No taxes, etc....

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