Aulani Villas News

DVC Hawaii Press Release

Walt Disney Parks & Resorts (NYSE: DIS) announced today that the company has finalized 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 picturesque 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.



A 2003 article in the Pacific Business News details a proposed development plan between Ko Olina Resort & Marina  and Norwegian Cruise Lines.  At the time, the goal was to expand Ko Olina's Oahu-based marina to accommodate Norwegian's cruise ships and create a Disney-style development on land for guests.  Now Ko Olina may be poised to bypass the Disney-style project and go straight to the source.



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