The Omni Nashville Hotel will make its debut soon after the convention center opens its doors in 2013.

Founded in 1987 by hospitality industry veteran Karim Alibhai, Gencom had been riding high until the tide turned for the company when its main lender, Lehman Brothers Holdings Inc., began the downward spiral that ultimately led to the global financial services firm’s demise in 2008.

The company has entered into an agreement with RAC Atlantic City Holdings L.L.C. to acquire the 32-year-old gaming property–which carries the distinction of being Atlantic City’s very first casino–for a price far, far below replacement cost.

Owned by the Eastern Band of Cherokee Indians, Harrah’s Cherokee occupies 56 acres at the mouth of Great Smoky Mountains National Park, about 50 miles west of Asheville.

Rock’s deal with Forest City involves 16 acres of land downtown in the city’s entertainment district including a parcel adjacent to Tower City Center–where Forest City owns two million square feet of commercial space–as well as a segment of the Riverview parking lot.

Sunstone acquired the Royal Palm, prominently located in the middle of South Beach, unencumbered; although, the company had previously acquired a portion of the outstanding debt on the property at a discount in a separate transaction, which, according to the hotel REIT, leaves an economic gross acquisition price of approximately $117 million.

For a plan to redevelop the site of the historic Century Plaza Hotel in Los Angeles, the second time is the charm.

Marina District Development Co., the Las Vegas-based 50/50 joint venture that owns the Borgata Hotel Casino and Spa in Atlantic City, N.J., has wrapped up debt financing totaling $950 million.

It may be tough to attract financing today to hotel resort ventures–especially hundreds of millions in development financing–but the Ritz-Carlton Reserve, Dorado Beach Resort & Spa project in Dorado, Puerto Rico, is an exception.

Less than $100 million for a prominent luxury hotel in Boston is quite a bargain. FelCor acknowledges that a purchase price of approximately $257,000 per-key is a significant discount to replacement cost.