The male hotel management student drowned while on an outing at the hotel with other students.
He succumbed at a nearby private hospital where he was rushed following the Friday evening incident.
Eldoret East OCPD John Owuoth confirmed the incident but said they were still carrying out investigations.
"The incident happened but we are still investigating what exactly took place leading to the death," Owuoth said.
The hotel is owned by a former senior intelligence officer.
Police have questioned several managers over the incident.
Moi University vice-chancellor Prof Isaac Kosgey said police are investigating.