Disney World's Top Rival Is Ready to Fight Back
Things are about to get a lot more interesting in the theme park hotbed of Central Florida. Universal Orlando parent Comcast (NASDAQ: CMCSA) is hosting a media event next week, and the location of the Aug. 1 event -- the Orange County Convention Center -- has many speculating that Disney's (NYSE: DIS) biggest rival is ready to divulge plans for the massive tracts of land that it has been acquiring nearby.
Comcast has been tight-lipped on its plans for the roughly 575 acres land it has cleared for development about a mile away from its existing resort. The parcel is larger than its currently land-locked resort, so it has enough room to open at least another two theme parks and several hotels. Comcast's Universal Orlando currently consists of two theme parks and a water park, half of the gated attractions at Disney World. Comcast just opened its seventh hotel, less than a third of the overnight lodging options at Disney World. Universal Orlando doesn't need to be as big as Disney to compete, but it certainly doesn't hurt.
Image source: Comcast's Universal Orlando.
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