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.
Hotel Near Arizona State University to be Converted into 479-Bed Student Housing Community
by Katie Sloan