The California State University Board of Trustees granted California State University, Northridge approval to begin concept development for an on-campus hotel project that could become a valuable asset for the university and the local community — at no cost to taxpayers.
Should the project be realized, CSUN would be able to host campus events and programs, house students’ visiting family members and alumni, and support the academic and business communities both locally and outside the region.
“This is yet another example of how CSUN is looking to grow and expand its resources to service both its campus community and the many visitors coming to campus,” said CSUN Vice President of Administration and Finance and Chief Financial Officer Colin Donahue. “This hotel project would enable CSUN to host more academic symposiums and business conferences, and give our students experiential opportunities to launch their careers.”
Currently out-of-town visitors do not have easily accessible accommodations. This project would serve students’ family members, visiting scholars, alumni and others visiting campus throughout the year. In addition, it would support the increased success of CSUN’s Valley Performing Arts Center and the university’s 19 Division I athletic teams.
The hotel would also offer CSUN students majoring in Tourism, Hospitality and Recreation Management internship opportunities to help them gain valuable experience and fulfill their coursework.
The financing for the planned hotel project will be established through a public-private structure that avoids campus debt, minimizes risk and produces annual non-state revenues for the campus. Upon completion of the concept development stage, CSUN will finalize a timeline for completion.