Disney buys land near capital district
WASHINGTON, May 20, 2009 (UPI via COMTEX) --
Company: Walt Disney Co (DIS)
Walt Disney Co. said it was working on plans to build a new resort along the banks of the Potomac River outside of Washington, D.C.
The plans were not complete, but the design includes a "resort hotel for families and others visiting the national capital region," the company said.
Disney's intentions were revealed after it purchased 15 acres that run along the Potomac for $11 million, the Orlando (Fla.) Sentinel reported Wednesday.
"As we began identifying possible locations to grow our business, the Washington, D.C.-area immediately jumped to the top of the list," Jay Rasulo, chairman of Disney's Parks and Resorts division, said in a statement.
The new resort could fit well with the company's tour business Adventures by Disney, which includes an eight-day trip through Philadelphia, Washington and Williamsburg, Va., the newspaper said.
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Company: Walt Disney Co (DIS)
Related terms: business, florida, hotel, virginia, washington
