CSX weighs “options” for Greenbrier

CSX weighs “options” for Greenbrier

CSX weighs “options” for Greenbrier

CSX Corp. said it is looking at “all strategic options” for its Greenbrier resort hotel in White Sulphur Springs, W.V.
   “The Greenbrier is at a crossroads,” said Michael J. Ward, president, chairman and chief executive officer of CSX. “While we have continued to make investments to keep the resort competitive, the market for luxury hospitality services is shrinking rapidly in this economy. The Greenbrier lost $35 million last year, and the resort faces even more difficult challenges in 2009.”
   People have been coming to “take the waters” at the area since 1778.
   In 1910, the Chesapeake and Ohio Railway, a predecessor to CSX, purchased the property and built the central part of what is today’s Greenbrier Hotel.
   The resort is also famous because in the 1950s and 1960s, the U.S. government built an underground bunker where in the case of an international crisis Congress and other government agencies could be relocated.