Says timing "isn't right" for project
The Walt Disney Co. has canceled plans to build a Disney-branded hotel near Washington, D.C., less than three years after spending $11 million to buy land for the project, the Orlando Sentinel reports.
“Given the full slate of expansion currently underway at Walt Disney Parks and Resorts, the timing isn't right to proceed with another new project of this scale,” Disney spokeswoman Kristin Nolt Wingard said in a prepared statement.
Disney acquired the property—15 acres in a development called National Harbor, just outside the District of Columbia—in May 2009 as part of a strategy to develop standalone hotels or smaller, niche theme parks in markets beyond its well-known theme-park resorts in Orlando and Anaheim, Calif., the Sentinel reports. But the project never progressed beyond plans for a 500-room resort hotel for families and others visiting the national capital region, the paper said.
Did you enjoy this article? Click here to subscribe to the magazine.