TEMPE, Ariz.–(BUSINESS WIRE)–In a landmark transaction, the Sleep Inn, located in Tempe, AZ has been acquired by a prominent student housing developer, marking the beginning of an exciting new chapter for the property. The 72-room hotel, strategically situated on 1.38 acres, has been sold to a visionary developer, who plans to demolish the existing structure and erect a state-of-the-art, 7-story student housing complex boasting 479 bedrooms. The property’s prime location, directly across from
Business Wire Merger/Acquisition News
