The 231-year-old Greenbrier resort in West Virginia–the place where the Council of Insurance Agents & Brokers was founded more than 95 years ago–filed for bankruptcy yesterday.
The hotel, based in While Sulphur Springs, W.Va., applied for Chapter 11 protection "to help ensure the viability of the resort," the Greenbrier Hotel Corp. said in a statement.
Under an agreement, the hotel will be sold from its parent company, CSX Corp. to Marriott Hotel Services.
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