Disneyland To Add New 700-Room Hotel, Expected To Open In 2021

Disney will begin construction next summer on a new 700-room hotel at the Anaheim Disneyland Resort, Disney Parks Blog reports.

The new hotel will mark the first luxurious four-diamond hotel to open in Disney’s Anaheim resort in almost 20 years. The property is planned as an entry for “a new gateway” to the resort. It’ll be located on the west end of the park’s Downtown Disney district.

“Extensive landscaping and water elements will create a resort oasis, showcasing nature on every level of the hotel.” It will feature ground-level shops and eateries, two pools, a high-end rooftop restaurant, and a platform for the park’s monorail.

In front of the hotel, an “expansive landscaped plaza complete with playful water features” is planned. Further landscaping and walkways will link the new hotel with the resort’s four existing hotels, creating a new entrance to the park from the west.

The huge new hotel will take up 17 acres, and it will rise where the AMC theater, an Earl of Sandwich shop, the ESPN Zone, and Rainforest Cafe now stand, reports the Orange County Register. Disneyland officials told the Register that they’ve started to share their plans with tenants who would be displaced and say it’s possible some many find space to operate in the future hotel, which is expected to open in 2021.

As part of this project, Disney will also build a huge six-story, 6,500-spot parking structure on the existing Pinocchio Lot.

Story courtesy of Curbed. 

Oversupply of Real Estate in China


Women look at new residential developments in Chongqing China. The International Monetary Fund says the sector is facing an oversupply problem that threatens the overall economy.Forbes recently reported,  China housing has undergone a major growth spurt in the last decade. Rich Chinese are buying up second homes as investments. And local LOCM +2.58% municipalities have been funding local builders to erect housing in order to create jobs. The problem is, Chinese urbanization trends have not sped up enough to account for the new high-rises, many of which are not fully sold. Unsold properties mean less money for developers who in turn have less revenue to pay off debts. For now, many municipal lenders have been either forgiving or rolling over those debts to extend the life of the loans. Like many economists elsewhere, the IMF says the trend is unsustainable.How important is real estate to the Chinese economy? In the year 2000, real estate accounted for around 5% of China’s GDP. By 2012 it rose three times to 15%, according to theIMF’s calculations. It certainly did not decline in 2013 and 2014, despite Beijing working overtime in forcing a market correction. The IMF did not have data for the last two years.

The real estate market appears to be undergoing a correction. While a slowing of investment and construction by as much as 10% would definitely reduce growth from 7.5% to 6.5%, an orderly adjustment is still factored into the IMF’s baseline scenario.



Read the whole article written by Forbes