A downtown Ottawa hotel could be turned into student housing, as Campus Suites Inc. and Holiday Inn and Suites finalize the sale of the building on Cooper Street.

Holiday Inn and Suites Campus Suites 111 Cooper Street June 2014

The sale of the Holiday Inn and Suites at 111 Cooper St. is in the process of being finalized. (CBC)

The hotel at 111 Cooper Street, between Cartier Street and Queen Elizabeth Drive, currently boasts about 220 units.

If the sale is finalized, Campus Suites president Henry Morton says, the company plans to enhance the building to create extended stay apartments catering to students.

A coffee shop run by a third party is part of the plan, along with an upgraded fitness area and laundry facilities. The apartments would also feature new meeting areas.

Morton rejects the claim that residents nearby would be bothered by the student population.

"We intend on having on-site management 24 hours a day, we've understood the market very well, we've understood what a lot of the needs are of the students and the propensity of them to engage in a variety of activities that need management," Morton said.

"So a lot of people that have concerns about students generally come from projects that are unmanaged and unmanageable."

He also said the apartments won't be available exclusively to students.

"We won't be catering just to students; we will be a long-term apartment hotel. There's four other apartment hotels within a couple hundred metres of us as it is," Morton said.

Campus Suites currently operates about 12,000 beds in North America, Morton said. The company acquired a hotel near McGill University in Montreal last year and has been looking at other properties in eastern Canada.