Back To Top

Effortless Luxury

Coming Soon to Downtown State College

Site Location

The Heart of Happy Valley

Perfectly positioned in the heart of downtown State College, The Nittany Residence Club offers unmatched access to everything that makes Happy Valley extraordinary. Just steps from the Penn State campus, residents and guests are immersed in the energy of a world-class university while enjoying the convenience of downtown’s vibrant dining, shopping, and cultural scene.

Whether you're here for game day, alumni events, or a weekend getaway, NRC’s location makes it all effortless. With easy access to major roadways and nearby transportation options, it’s the ideal launch point for experiencing the best of State College—whether you're dropping in just for the weekend or an extended stay.

Additionally, as part of a federally designated Qualified Opportunity Zone, this location offers unique long-term advantages for buyers and investors alike, adding even more value to an already exceptional destination.

Operational Structure

Ownership

Unit Owners purchase individual condominium Units within the building, which they can uses as part-time and vacation homes. Although the Unit Owner can utilize their Unit when they so please, pursuant to Borough of State College regulations, they will not be permitted to use the Unit as a full-time residence.

When the Unit is not in use by the Unit Owner, the Unit Owner can elect to enter their Unit into the "Hotel Pool" to be rented on a nightly basis by the full-time Hotel Operator. This provides the benefits of property ownership, including potential appreciation and tax deduction, with the opportunity to earn rental income.

Effortless Luxury

Unit Owners can access the Hotel's amenities and services, such as concierge, housekeeping, fitness center, and front desk providing 24/7 security for the building.

The on-site 24/7 Hotel Operator takes care of the day-to-day operations, maintenance, management, and security of the property. This is beneficial for Unit Owners who want a "hands-off" approach to property ownership.

The Units are designed and furnished to a high standard, offering a luxurious living experience for both Unit Owners and Hotel guests.

Rental Income

When Unit Owners are not using their Unit, they can elect to place it in the Hotel's rental program which is a "Hotel Pool" for Units to be rented on a nightly basis. The Hotel Program will be administered through the full-time on-site Hotel Operator that will manage all rentals with no burden on the Unit Owner. The Unit Owners receive a share of the rental income which will be distributed monthly through the Association. This income will help offset ownership costs and provide opportunity for profitable returns on investment.

Well managed Condominium-Hotels typically have strong resale value, making them a potentially lucrative investment.

Floor Plans & Features

SELECT FLOOR TO VIEW

Floor Plans & Features

Floor

 
Select Unit Number For Info
Standard Suite
Units with Lockable Primary Suite
Units with Lockable Duplex Suite
  BACK TO ALL FLOORS
 

Unit


 Finish View 
Lockable Suite


Note: Square footages include balconies where applicable.

Units & Availability

Unit Beds & Baths Lockoff Finish Package Square Footage Status
*Square footage inclusive of balcony area.

Interior Finishes

Standard Finishes for the Nittany Residence Club will primarily consist of wood-look Luxury Vinyl Tile (LVT) throughout kitchen, bedrooms, and living room, with white painted walls, quartz counters at kitchen and bathrooms, satin nickel and matte black finishes throughout, and flat slab cabinetry with minimal fingerpull hardware. Upgrade materials are available in the Signature and Premier Package offerings.

Kitchens

Classic Kitchen
Kitchens are well appointed with stainless steel GE appliances. Cabinetry is sleek and modern with two-tone flat slab doors, quartz counters, and a quartz backsplash.
Signature Kitchen
Everything included in Classic Package plus under-cabinet lighting, decorative pendant lighting, and full-height decorative mosaic backsplash.
Premier Kitchen
Everything included in the Signature Package with upgraded cabinet finishes and appliances in black stainless steel.

Bedrooms

Classic Bedroom
The main bedrooms are efficient and crisp, made with durable finishes to withstand the hotel guests. The luxury vinyl tile flooring continues into the bedroom with painted walls, and all furniture is of quality contract grade.
Signature Bedroom
Everything included in Classic Package plus a durable and decorative vinyl wall covering applied to the headboard wall.
Premier Bedroom
Everything included in the Signature Package with upgraded headboard wall made from a mixture of high-end wood paneling and decorative wallcovering. Upgraded furniture selections.

Bathrooms

Classic Bathroom
Double vanities are equipped in the bathrooms, with a clean aesthetic and durable finishes. Walls are finished in vinyl wall covering, with porcelain tile from floor to ceiling at the showers. Vanity has a quartz countertop with decorative mirrors and decorative bath bar lighting above. Shower enclosure is glass, with a cast marble shower base.
Signature Bathroom
Everything included in Classic Package plus decorative wall sconces in lieu of the bath bar lighting, full height porcelain panel shower surround, upgraded cabinet face to raised panel, and an upgraded mirror.
Premier Bathroom
Everything included in the Signature Package with upgraded decorative wall sconces, a paneled stone shower enclosure, stone mosaic shower and general bathroom flooring, upgraded vanity style, and an upgraded mirror.

Living Rooms

Classic Living Room
The living room is the heart and soul of each unit. Open to the kitchen, the flooring runs to the living area that has large external windows and painted walls. Furniture is all contract grade to withstand heavy use from hotel traffic.
Signature Living Room
Everything included in Classic Package plus one wall of decorative vinyl wallcovering and upgraded fabric on furniture.
Premier Living Room
Everything included in the Signature Package plus upgraded furniture, fabrics, and portable lighting fixtures. Upgrade to stained wood base throughout kitchen and living room, and an upgraded wood accent paneled wall.

NIL Partnership

The Nittany Residence Club is proud to announce its exclusive collaboration with Happy Valley United (HVU)—the official NIL collective supporting Penn State student-athletes. This partnership reflects our deep connection to the Penn State community and our commitment to creating meaningful, lasting impact both on and off the field.

  • A portion of hotel revenue is directly contributed to HVU, helping fuel the future of Penn State athletics.
  • Complimentary Rose-Level Membership with Happy Valley United for unit owners.
  • Unit owners gain exclusive access to NIL-driven events, content, and promotional opportunities.
  • Guests of the hotel can experience unique HVU programming and events during their stay.

Live where Luxury Meets Legacy

In addition, the Nittany Residence Club will host private meet & greet events throughout the year with top Penn State Athletes. Owners will also have the opportunity to donate unused nights at their unit for fundraising or HVU sanctioned events — a unique way to give back while gaining recognition and additional rewards that would unlock premium access to exclusive events, unique memorabilia, and VIP treatment. It’s more than a residence -- it’s a front-row seat to the action, a connection to the Penn State University and athletes you love, and a lifestyle backed by exclusive access and prestige. Whether you're an owner or a guest, this partnership ensures your experience at NRC is rooted in passion, purpose, and Penn State pride.

Income Projections

Income with Hotel Operation

As these Units will be one-of-a-kind rentals in Downtown State College, it is difficult to project an anticipated nightly rate at the time of the property opening. This rate will be set by the Hotel Operator and vary depending upon floor level and finish package.

Hotel Operators share of Room Revenue covers the following expenses:
  • Marketing, Sales, and Travel Agent Commissions
  • Acquisition Fees to Third Party Entities for Online Booking Services
  • Housekeeping and Cleaning for Individual Rooms
  • Linen Service for Individual Rooms
  • Individual Room Daily Maintenance and Turnover
  • Credit Card Processing Fees
The Unit Owners rental income will be distributed monthly through the Association. This income will help offset ownership costs and provide an opportunity for profitable returns on investment.

The information contained on this site is an estimation of expenses related to Hotel Operations and is subject to execution of Final Agreement with the Hotel Operator. This estimation may vary based upon final Hotel Operator agreement in addition to Market Conditions, Economy, Unit Type, Floor Level, etc.

Average Condo Rental Unit

Below is an approximation for an average condo rental unit of what an investor could anticipate when the building is stabilized, and the Unit Owner is primarily utilizing the Unit as an investment property with limited personal use:

Estimated Average Nightly Fee
$395.00

Estimated Unit Occupancy
65%

Estimated Annual Room Revenue
$93,714.00

Estimated Hotel Operator Share of Room Revenue
25% ($23,428.00)

Estimated Unit Owner Share of Room Revenue
75% ($70,285.00)

There’s More to State College Than Football Saturdays

While football game days are electric, there’s something happening in Happy Valley every weekend attracting visitors to the area. From arts festivals and live music to local markets and outdoor adventures, State College offers year-round energy and charm. Discover what’s happening beyond the stadium and see why life here is always in season: Happy Valley Events

Projected Ownership Costs

As this building will be owned as a condominium and operated as a hotel, the fees associated with the cost of ownership will be divided accordingly per units. The Condo and Hotel Operation Budget will be prepared annually by the Condo Board (Owners) but for the purpose of investment a preliminary estimate of these fees has been established.

Condominium Operating Expenses & Fees

  • Building Reserve Contribution for Future Maintenance and Repairs
  • Insurance
  • Professional Services - Accounting and Legal for Association
  • Building Security and Alarm Maintenance
  • Lobby Amenities - Decoration, Scent, Music, Subscriptions, etc.
  • Office and Cleaning Supplies
  • Structural Reserve Study and Reporting
  • General Repairs and Maintenance
  • Pest Control for Building
  • Utilities (Water & Sewer, Electric, Gas, Cable, Internet, Telephone, Trash & Recycling)
The Condominium Fee will be allocated as an expense to the Unit Owner on a per square foot (PSF) basis and will vary depending upon unit size.
  • Preliminary Estimation of Annual Condominium Fee
    • $9.24± PSF/Year
  • Estimated Monthly Cost for 1,000 SF Unit
    • $770± per Month

Hotel Operating Expenses & Unit Fees

To be Paid by the Association as a Monthly Fixed Fee to the Hotel Operator
  • Hotel General Manager and Assistant General Manager
  • Chief Engineer and Hotel Maintenance Staff
  • Executive Housekeeper and Public Area Attendant & Maintenance
  • Front Desk Supervisor and 24/7 Front Desk Staffing
  • Payroll Taxes and Benefits
  • Accounting and Legal Compliance for Hotel Operation
  • Hotel Operation Supplies

The Hotel Operation Fee will be allocated as an operating expense to the overall building per Condominium Unit. Therefore, each Unit Owner will be charged the same fee for this service regardless of Unit Size or participation in the Hotel Rental Program.
  • Preliminary Estimation of Condominium Fee
    • $991.07± per Month

Financial Benefits

At The Nittany Residence Club, ownership goes far beyond luxury living — it’s a smart financial move backed by strong returns and built-in rental income. NRC units are fully managed, income-generating properties located in the heart of State College.

Five Year Investment Case Study

Investing in a traditional home often comes with high carrying costs, limited income potential, and slower returns. At The Nittany Residence Club, your ownership is strategically structured to maximize both appreciation and cash flow. By combining strong real estate fundamentals with hotel rental income, NRC units deliver a significantly higher return on investment over a five-year period compared to a standard single-family home in State College. Plus, with the added advantages of our Opportunity Zone location, investors have the potential to realize even greater long-term gains. The side-by-side comparison below highlights the distinct financial advantages of owning a luxury, income-producing asset at NRC.

$500K Standard Home $1M NRC Condo
Real Estate Appreciation
(5 years @ 4%)		 $84,929 $169,859
Total Estimated Expenses ($124,765) ($174,670)
Projected Hotel Rental Income — $373,153
Total 5-Year Profit/Loss –$39,835 +$368,341
5-Year ROI –7.97% +36.83%
Net Ownership Advantage — +$408,176

Based on estimated appreciation, expenses, and rental income. Actual results may vary.

Opportunity Zone Benefits

NRC is located in a federally designated Opportunity Zone, offering unique tax advantages for investors:

  • Deferral of capital gains taxes on qualified investments
  • Reduction of long-term capital gains liability
  • Elimination of capital gains on NRC appreciation after 10 years (via Qualified Opportunity Fund)
  • Tax-efficient wealth building in a premium, high-demand market

Consult your tax advisor to learn how these strategies can benefit your portfolio.

Own Smarter. Live Better.

  • Income-producing real estate with full-service management
  • Prime location in downtown State College
  • Opportunity Zone tax advantages designed for long-term growth
  • A lifestyle investment that blends personal enjoyment with financial performance

Why settle for traditional real estate returns when you can own a high-performing, income-generating asset in one of the nation's most dynamic college towns? The Nittany Residence Club isn't just a place to stay—it's a smarter way to invest, live, and build long-term wealth. With hotel revenue, prime location, and Opportunity Zone benefits all working for you, there’s no better time to secure your future.

Contact Us


For information on unit sale availability, please send all inquiries to:
[email protected]


Nittany Residence Club, LLC
214 ½ E College Ave Unit 321
State College, PA 16801-4713 · USA