Hotel Near Arizona State University to be Converted into 479-Bed Student Housing Community

Tempe, Ariz. — An undisclosed buyer has acquired Sleep Inn, a 72-room hotel near the Arizona State University campus in Tempe, with plans to convert the property into student housing. The hotel will be transformed into a seven-story community offering 479 beds upon completion. Further details on the project were not disclosed. NewGen Advisory worked on the transaction.