Hostels for Year-Round Students... Thoughts?

Hey gang, I was recently prompted to consider a niche community for hostel goers and I'd like to hear your insight. I was in Atlanta this past weekend and struck up conversation with my Uber driver. I brought up my interest in hostels and creating shared experiences amongst all walks of life. He inquired if I would consider having year-round students as residents. Curious... I wondered his angle here. He reasoned that Atlanta has over 10 major universities (Georgia Tech, Georgia State, Emory, Spelman, etc.) in the metropolitan area with students constantly seeking affordable off-campus housing options. Atlanta also has a high transient population, which has greatly catalyzed their tourism industry...

So my thoughts are this: offering a mix of private rooms and shared living spaces within the hostel. Students who reside in the hostel contribute to hostel upkeep (anything from reception to maintenance to housekeeping) in exchange for lower "rent". This would be based on a ratio scale (private room v. shared space rates). I know many hostels offer volunteer opportunities in exchange for reduced rates, so I think this could work here. This will not only provide affordable off-campus housing opportunities, but can also alleviate labor costs/turnover concerns within my hostel. Additionally, students can serve as reservoirs of local insight for out-of-town guests looking to make the most of their time in Atlanta!

This idea may be far fetched, or it may be a sound business model... what are your thoughts? Honest feedback and inquiries are appreciated! Thank you!