Disney World Rival Is Arming Itself Up For a Theme Park War
Real estate matters if you want to take on Disney (NYSE: DIS) in Florida, so it's fitting that Comcast (NASDAQ: CMCSA) is beefing up its turf portfolio. Comcast is buying 101 acres of land less than two miles from its Universal Orlando resort, adjacent to the 475 acres that it acquired in a $130 million transaction early last year. The new parcel provides frontage on a popular road with highway access, a pretty big deal if you want to do battle with the House of Mouse.
Comcast hasn't discussed what it plans to do with the more than 575 acres that it now owns just outside of Universal Orlando. It recently filed plans to use part of the land for overflow parking, but sooner or later that valuable real estate will likely be developed into at least one more theme park and probably several more hotels.
Image source: Comcast.
Source: Fool.com
Comcast Corp. Stock
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