July 15, 2016 Comments Off on Disney, Wincome Plan Luxury Hotels in Anaheim Resort District Views: 416 California News, Orange County, West

Disney, Wincome Plan Luxury Hotels in Anaheim Resort District

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Burbank, CA-based Walt Disney Co. and affiliates of Hong Kong-based Wincome Group are slated to receive $550 million in estimated bed taxes for building three four-diamond hotels in Anaheim’s resort district.

Anaheim’s City Council voted 3-1 to approve agreements for the hotels, as well as a partial rebate on the city’s 15% transient occupancy tax as part of a hotel incentive program. The money will be reimbursed over 20 years.

The Wincome Group’s Good Hope International plans a 208-million, 580-room hotel, and another affiliate, FJS Inc., plans a $225-million, 630-room. Disney plans to construct a $624-million, 700-room hotel and parking structure on 10 acres along Disneyland Dr.

The three projects are slated to open between 2019 and 2021, and will total more than 1,900 rooms. Currently, there are five luxury hotels being developed in Anaheim.

Read More at Orange County Business Journal

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