Omni Hotels & Resorts’ parent company has purchased $209.48 million in past-due loans from Martinsville‘s Carter Bankshares for $289.48 million, according to a recent federal securities filing. U.S. Sen. Jim Justice II, a West Virginia Republican whose family owns the Greenbrier resort, and his family took out the overdue loans through a holding company.
On March 26, Carter Bankshares, the holding company of Carter Bank & Trust, reported the completion of the sale to “an unaffiliated third party,” in a filing with the U.S. Securities and Exchange Commission.
A March 25 filing in Greenbrier County, West Virginia, shows a transfer of debt from Carter Bank to an entity called White Sulphur Springs Holdings that is registered to the same Dallas address as TRT Holdings‘ corporate headquarters, Omni’s parent company. A copy of the filing was published Wednesday on WV MetroNews.
The entity filed for organization March 12, 2026, according to the Texas Secretary of State.
“A subsidiary of TRT Holdings, Omni Hotels & Resorts’ parent company, acquired the first-lien debt on The Greenbrier Resort in White Sulphur Springs, West Virginia, as an investment,” Tiffani Cailor, an Omni spokesperson, said in a statement Friday. “This transaction was made as part of TRT Holdings’ broader business of investing across a diverse portfolio of assets.”
Omni Hotels & Resorts is a private luxury hotel brand that owns three Virginia properties, including The Omni Homestead Resort & Spa, a competitor of the Greenbrier. The purchase of the Justice family‘s business debts does not give TRT Holdings ownership of the Greenbrier, but it does give the hotelier significant influence over the West Virginia resort.
When asked whether TRT Holdings has plans for the Greenbrier, Cailor stated, “There are no plans with respect to Omni Hotels & Resorts at this time.”
Brooks Taylor, vice president and corporate communications officer for Carter Bank, wrote in an email Friday that the only information currently being released is from the SEC filing. However, he noted that more information will be available after the bank files its second-quarter earnings report April 23.
The Greenbrier did not immediately respond to a request for comment.
Carter Bank and the Justice family have been embroiled in legal action for several years. Elected West Virginia’s junior senator in 2024, Jim Justice was previously the state’s governor from 2017 to 2025. He led 102 companies through the Justice Family Group before seeking political office, including the Greenbrier resort, which the family purchased in 2009 for $20.1 million. According to American Banker, at its height, Carter Bank lent the business $740 million.
However, since 2023, the Justice loan portfolio has not been earning the bank interest, and Carter Bank placed the loans in nonaccrual status as payments were not being paid. Along with the Greenbrier, the Justice family owns coal mining and agricultural operations.
In July 2024, Carter Bankshares announced that the Justices had agreed to a payoff plan for the outstanding loans, which were at a $294.1 million balance as of June 30, 2024.
In its March SEC filing, Carter Bankshares reported that the sale of the loans will affect its tangible book value per common share by about $3.49 per share.
Carter Bank had $4.9 billion in assets at the end of 2025 and operates 63 branches in Virginia and North Carolina.
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