BREAKING: Disneyland Officially Cancels Plans for 4th Resort Hotel
Disneyland Resort today confirmed that they will not be adding a 4th hotel at this time. The hotel was supposed to be built where a number of businesses had been closed in the Downtown Disney District, near the existing Disneyland Hotel (as seen below).
Disneyland Resort spokesman, Liz Jaeger, made the following statement on the project this afternoon:
“We’ve taken the time to review the economics of our proposed Four Diamond hotel for Anaheim and have made the final decision to cancel the project. While this is disappointing for many, the conditions and agreements that stimulated this investment in Anaheim no longer exist and we must therefore adjust our long-term investment strategy.”
The hotel was being built to take advantage of a “City of Anaheim tax incentive for building four-star hotels within the city.” The program, created in 2015, allowed Disney to retain 70 percent of the occupancy tax visitors brought in for the first 20 years of operation. The city of Anaheim denied the incentive when Disney revised hotel plans, forcing Disney to rethink the building of the hotel.
While Earl of Sandwich reopened in Downtown Disney this month, it is doubtful that the other closed business will return soon if ever, although Disney has made no comment on this as of yet.