Update: The deal has closed. Details are in this story in the Reno Gazette-Journal.
The most noteworthy item in the story is this:
After improving the amenities and remodeling the rooms, the company will likely change room rates to be more competitive with places like the Courtyard Marriott, for example, instead of competing with each other. Right now, the casinos charge less for rooms than most non-casino hotels.
The Tri Properties in Reno will be totally under the...