A private student-housing developer purchased the 72-room hotel for $13.3 million last week in a deal two years in the making, hotel broker NewGen Advisory tells Axios Phoenix. The 1.4-acre lot will be revamped into a “state of the art” rental property with 479 bedrooms.
https://www.axios.com/local/phoenix/2024/02/05/tempe-sleep-inn-bulldozed-student-housing
