Purchase of hotels a good investment, universities say
Since 2003, universities and colleges across Canada have begun buying hotels to turn into student housing. McGill purchased a 20-storey hotel just blocks from the university for $18.8-million.Christinne Muschi
Students use front lobby stairs at the Carrefour Sherbrooke. McGill says it was significantly cheaper to buy a hotel than to build a new student residence.Christinne Muschi
Hotel equipment remains for student use.Christinne Muschi
An old banquet room is now used as a study hall.Christinne Muschi
Elegant study hall. While a double room in the new Carrefour residence costs about $2,000 more annually than older student residences, the building is at 99 per cent capacity.Christinne Muschi
The exercise room remains unchanged - except for the users.Christinne Muschi
Roommates Joya Mukherjee, left, and Bianca Ponziani share a standard double room - each have a queen-sized bed.Christinne Muschi