The University of Houston has announced a $10 million legacy gift from the Conrad N. Hilton Foundation in support of the Conrad N. Hilton College of Hotel and Restaurant Management.
The gift will create an unrestricted endowment to help the college navigate challenges that have resulted from the coronavirus pandemic, which has led nearly 90 percent of hotels in the United States to lay off or furlough employees, according to a survey conducted last fall by the American Hotel & Lodging Association. The Hilton University of Houston Hotel is beginning a $30.4 million expansion and renovation this month.
With the latest commitment, the foundation has awarded more than $95 million in support of the college, which it helped establish in 1969 with a $1.5 million gift.
"As we navigate an industry that has been devastated by the coronavirus, the timing of this insightful and generous gift could not be more critical, its commitment to our mission more relevant," said Hilton College dean Dennis Reynolds. "We are hospitality. Thanks to the Hilton Foundation, these funds will afford us the resources we need to help prepare our students to lead innovation and change in what will be our industry's new post-pandemic landscape."