Penn State news by
Penn State's student blog



Board Of Trustees Approves Entering Purchasing Agreement & Ground Lease For Campus Hotels

Penn State’s Board of Trustees unanimously approved Wednesday morning for the university to enter into a ground lease and purchasing agreement for two campus hotels.

Penn State plans to sell the Penn Stater Hotel and Conference Center and the Nittany Lion Inn to a third-party company, Scholar Hotel Group, while retaining ownership of the land. The deal is expected to be finalized this fall after the terms of the contract are negotiated this summer. Both hotels are expected to maintain their services once the contract is signed as part of the ground lease agreement.

“While specific plans between Penn State and Scholar Hotel Group are being defined, the University’s goal is to support students, faculty, staff, visitors and community members,” Sara Thorndike, senior vice president for Finance and Business and treasurer, said in a release. “Though still in the preliminary stages of this process, the University is focused on supporting employees who work at the Penn Stater. There will be a variety of employment opportunities for current hotel employees with the new operator or in other areas at Penn State.” 

During the fall 2021 semester, the university started studying its options for the future of the two hotels, which included potentially selling or leasing the properties. According to the university, an “extensive analysis” showed there is value in divesting from hotel operations at University Park.

“While both hotels have served the University community well for decades and hold a special place in Penn State history, after the in-depth evaluation to examine hotel operations, Penn State has made the determination that divesting from the hotel businesses will enable us to focus on our core missions that remain teaching, research and service,” Thorndike said.   

While the Penn Stater Hotel will remain open moving forward, the Nittany Lion Inn, which has been closed since March 2020, is expected to remain closed until 2024.

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
Support quality journalism:
Purchase a Subscription!

About the Author

Gabe Angieri

After a four-year career with Onward State, Gabe is now a college graduate and off to the real world. He shockingly served as the blog’s managing editor during the 2022-23 school year and covered football for much of his Onward State tenure, including trips to the Outback Bowl and Rose Bowl. For any professional inquiries, please email Gabe at [email protected]. You can still see his bad sports takes on Twitter at @gabeangieri.

Growth & Gratitude: Alex Waterman’s Senior Column

“I knew these were special moments, but I often now ask myself, ‘Did I cherish them enough?’”

[Photo Story] Blue-White Game 2024

Our visual staff captured all the memorable moments on and off the field at this year’s Blue-White Game.

[Photo Story] Onward State Defeats The Daily Collegian In Flag Football

Relive the historic defeat through the lens of our photographers on the sidelines.

Follow on Another Platform
Other posts by Gabe

My Way: Gabe Angieri’s Senior Column

“By taking a step-by-step journey through a Frank Sinatra classic, I’m going to tell the story about how I went through these past four years ‘My Way.'”

Penn State Hoops’ Jalen Pickett, Seth Lundy Earn NBA Combine Invites

Four-Star Offensive Tackle Garrett Sexton Commits To Penn State