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Disney Buys Land at National Harbor

  • May 19th 2009

by Mark Wellborn

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Disney Buys Land at National Harbor: Figure 1

The Washington Post is reporting that the Walt Disney Company has purchased a 15-acre parcel of land at National Harbor for $11 million where it plans to build a 500-room hotel resort. Despite who is behind the project, don’t expect roller coasters and theme rides as there will be no amusement park services associated with the resort.

National Harbor, an ambitious project that opened about a year ago, but fell on hard times when the economy tanked, already includes six hotels, a dozen restaurants and a huge conference center.

The land acquisition comes at a time when hotel occupancy at National Harbor is down and a good deal of the 400 residences at the Prince George’s County development remain unsold. A Disney spokesman told the Post that the company will almost certainly go ahead with the project despite the economic climate, however no timetable for completion was provided.

The parcel of land sits on the top of a street named American Way and overlooks the National Harbor complex and the Potomac.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/disney_buys_land_at_national_harbor/925.

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