Don't know about shuttles but there are about 5 new hotels I-40 @ Papermill Road. Brand new La Quinta, newly renovated Red Roof (converted Holiday Inn), Holiday Inn Express, Hampton Inn, one other. Also an old Travel Lodge... don't know what it is right now. The 5th new one might be a Crowne Plaza.
Papermill is 5 miles west of campus. West is the safest side of town. More property crimes possibly since stuff is more valuable out there.
Don't stay close in on the east side. Strawberry Plains exit is far enough out though... beyond the slums.
Edit: I drove down Old Weisgarber today... rather than a Crown Plaza the other new hotel is a Courtyard by Marriott... Brookvale. It's between Old Weisgarber and Northshore Drive.