Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development

Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development

Disney’s (NYSE:DIS) Star Wars Land Prompts $6-B In Development

$DIS

Four new luxury hotels are planned, a larger Convention Center, plus updated infrastructure is tied to the planned ‘Star Wars’ Land.

Anaheim, California real estate developer-friendly and $6-B in recent investment, much of which is derived from Disney’s upcoming Stars Wars Land.

The $6-B includes a 466-rm JW Marriott near the Disneyland Resort to begin construction in Y 2017.

Anaheim is also is expanding its Convention Center by 200,000 sqf, and is adding a parking structure, transit hub and pedestrian bridge to accommodate the new Star Wars attraction and the added tourists.

Over 25-M people come to Anaheim’s theme parks annually.

 

Disney recently closed several attractions to make room for Star Wars Land, which is being built on 14 acres to the north of Frontierland and is being billed by the company as a “never-before-seen planet inhabited by humanoids, droids and many others.”

Disney also is building a Star Wars-themed attraction at Walt Disney World Resort in Florida.

No firm timetable has been set for the opening of either new attraction.

Disney CEO Bob Iger told attendees at the company’s D23 Expo in August 2015 that this will be Disney’s “largest single-themed land expansion ever.”

Sensing the spill-over from the iconic theme park several top commercial developers have gotten in on the action.

Chinese developer LT Global acquired a 14.8-acre parcel of land adjacent to Angel Stadium in what is known as the Platinum Triangle. LT Global is planning a mix of new residential, commercial and office space and at least one hotel.

Los Angeles-based CIM Group, which acquired the Stadium Gateway building across from Angel Stadium and is exploring building another 300,000-sqf office tower next door. The company previously developed apartments in downtown Anaheim.

Symbol Last Trade Date Change Open High Low Volume
NYSE:DIS 92.56 16 September 2016 0.06 92.27 92.74 91.8 10,568,600
HeffX-LTN Analysis for DIS: Overall Short Intermediate Long
Neutral (-0.21) Bearish (-0.37) Bearish (-0.28) Neutral (0.03)

Have a terrific weekend

 

 

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH