Dorms go deluxe as universities scoop up hotels...

Globe and Mail Since 2003, universities and colleges across Canada have turned to hotels to relieve an increasing demand for student housing. "With the market being what it is today, this is the perfect time to buy," says Bill Stone, executive managing director of Colliers International Hotels. As the economy claws forward, converting hotels into residences is a boon for universities, hotel owners and students alike.