August 12, 2011
In late 2010, Rollins received the pledge of a $12.5-million grant from the Harold Alfond Foundation. This extraordinary gift will be used toward construction of The Alfond Inn at Rollins, which was identified as a strategic priority by the Rollins College Board of Trustees.
The unique structure of the Harold Alfond Foundation grant creates an endowed fund that will be used to establish the Alfond Scholars program—the College’s premier scholarship fund, which will offer full scholarships and provide additional financial aid to deserving students for years to come. Net operating income from the Inn will be directed to the fund over the next 25 years or until the endowment principal reaches $50 million, whichever comes later.
“Not only is The Alfond Inn at Rollins a win in many ways for the College, it is a victory for our community,” said Rollins President Lewis Duncan.
As only one, small hotel is presently located near campus, alumni, current and prospective students and their families, and the many other visitors to Winter Park typically have to travel some distance for lodging. The Inn will provide rooms within walking distance from Rollins while also enabling both the College and community to host social and professional events that currently cannot be accommodated on campus or in the community.
The Inn will be constructed on property the College owns—a landmark site that was formerly the home of the Langford Hotel. Rollins College will own the Inn and co-develop the property in collaboration with The Olympia Companies. The project architect is Baker Barrios. The Alfond Inn at Rollins is slated to break ground before January 2012, with a projected opening date of Summer 2013. The roughly 100,000-square-foot facility will feature 112 guest rooms, 8,000 square feet of ballroom and meeting space, an iconic conservatory, restaurant, elevated pool deck, bar, fitness center, and a series of courtyards.
The Alfond Inn at Rollins will provide significant tax revenue to the City of Winter Park and new tourist-development tax dollars to Orange County. Development of the Inn will also create an estimated 200 construction jobs and, once open, an estimated 100 permanent full-time and part-time jobs will be added to the local workforce.
“For more than a century, the City of Winter Park and Rollins College have enjoyed a strong relationship,” said Duncan. “Our partnership has benefited both the City and the College in many ways, and we are excited about collaborating with the City and the Winter Park business community once again. We are also excited that income from The Alfond Inn at Rollins will be directed to scholarships for deserving Rollins students.”
Learn more about The Alfond Inn at Rollins.
By Ann Marie Varga
Office of Marketing & Communications
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