Disney's Original Theme Park Is Also Dreaming Big

Walt Disney (NYSE: DIS) is working on some pretty amazing things that will be coming to Disney World in the next few years, but on Wednesday it unveiled something shiny and new for its original Disneyland resort in California. Disney announced that it will break ground next summer on a new 700-room hotel that will open in 2021.

The new unnamed hotel will be going up at the west end of its Downtown Disney shopping, dining, and entertainment district that feeds into the entrances of its two Anaheim theme parks. The new hotel means that Disney is scrapping plans for a controversial 6,900-spot parking structure and transportation hub that it was originally planning, though the new hotel does come with plans for a slightly smaller parking garage.

Image source: Disney.

Source: Fool.com