The Greenbrier – one of those big, columnar buildings from the 1700s that is situated outside DC and thus makes for an ideal resort getaway if you like tea, pony rides or team-building exercises* – has filed chapter 11 bankruptcy, because times iz hard and we can’t afford tea and pony rides, and the only team-building exercises going on at most companies involve free use of the copier for paper-based March Madness pools (please, two-sided, if more than one page is necessary).

Fortunately, it has been saved from the brink of death by Marriott Hotels, and you won’t have to suffer through a liquidation of its vivid floral Laura Ashley linens, chandeliers and the contents of Schwabe-May:

Marriott would receive $50 million over two years from current owner CSX Corp. to operate the resort, according to The Greenbrier. Marriott would pay the Jacksonville, Fla.-based railroad operator between $60 million and $130 million within seven years. The deal is expected to close later this year.

If the deal receives bankruptcy court approval, Bethesda, Md.-based Marriott would be getting a fabled four-star resort whose roots go back to the 18th century and whose guests have included President Eisenhower and Monaco’s Prince Rainier and Princess Grace. It is also the site of a once-secret Cold War bunker built to house Congress in case of a nuclear attack.

So, yes, don’t fret if you were planning to attend next month when Greenious H. Brier, The Greenbrier’s very own holiday hare, presents the Easter Fun Fest and Egg Hunt. It should still be on. Thank you, Marriott!

* – As an aside, we’re really hoping the decline in team-building exercises and corresponding decline in the number of team-building exercise T-shirts issued to participants isn’t going to adversely affect the amount of Business Time going on: