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The Penn State Board of Trustees has approved for the University to enter into a purchasing agreement and ground lease for The Nittany Lion Inn and Penn Stater Hotel and Conference Center with a third-party company.
Penn State plans to sell the Nittany Lion Inn and Penn Stater Hotel and Conference Center and lease the land they're on to a company that already owns two hotels in State College.
As part of efforts to explore potential efficiencies while continuing to provide an accessible high-quality education for students, the University is examining strategic opportunities in hotel operations at University Park.
Hopeful Penn Staters have looked to study abroad ever since opportunities were suspended by the coronavirus pandemic — but saw delays and cancellations with prospective trips for months. However, with
As a part of the Resource Optimization Initiative, an operation designed to "study the affordability of a Penn State degree and examine new strategic priorities," according to Penn State News,