
Walt Disney Parks & Resorts announced that it plans to purchase 21 acres of oceanfront property on Hawaii's island of Oahu. The property, located on the island's western side in the Ko Olina Resort & Marina, Honolulu's premier resort destination, will be home to Disney's first mixed-use family resort outside of its theme park developments. The expansive resort, scheduled to open in 2011, will have more than 800 units including hotel rooms and villas for Disney Vacation Club, which is Disney's rapidly growing timeshare business. Part of the Disney resort hotel in Ko Olina will be dedicated to Disney Vacation Club, a timeshare program that helps families enjoy flexibility and savings on vacations for decades to come.
Designs for the resort are still being finalized by Walt Disney Imagineers, who have been traveling extensively throughout Hawaii for the past several months as they garner ideas to develop a resort celebrating Hawaii's vibrant culture and rich heritage. The team is working closely with local architects, engineers and cultural advisors, conducting research and exploring the region, building on a tradition that has long been a hallmark in the creation of everything from Disney films to Disney vacation destinations. Plans for the resort hotel are expected to be finalized and revealed in early 2008.