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Third hotel officially announced

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  • #16
    Re: Third hotel officially announced

    Originally posted by Asa View Post

    But I think once the third hotel opens, the park will begin to make serious money. I would certainly buy some shares now if offered the opportunity.
    Does a first right clause exist so Disney can buy it?
    Be Cool Stay in School!
    Next year I'm trying for a summer internship at Stark Industries.

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    • #17
      Re: Third hotel officially announced

      Originally posted by swampymarsh View Post
      Does a first right clause exist so Disney can buy it?
      I don't think there is. The only condition I remember from the contract is that Disney cannot own less than 20% or so of the joint company, Hong Kong International Themepark Ltd.

      WDC never set out to own HKDL 100% and it probably never will, if that's what you are hoping.
      Jul 1992: Disneyland Paris
      Apr 2006: Hong Kong Disneyland
      Jul 2010: Disneyland and Disney's California Adventure
      Mar 2011: Hong Kong Disneyland
      Jul 2013: Tokyo Disneyland and Tokyo DisneySea
      Sep 2013: Hong Kong Disneyland
      Jul 2014: Disney California Adventure

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      • #18
        Re: Third hotel officially announced

        Thanks for the answers. I guess that if HKDLR starts to effectively become self funding then there's no real loss for the government being shareholders. Its just that its a long road to get to that point.

        I can totally understand the question of why they still have a stake in the venture, but so long as they're not throwing public money down a well, then really there's no harm in it.

        And, as they old adage says, you have to crack some eggs to make an omelette... and this new hotel is a pricey egg but I do hope they'll reap some reward from it.
        sigpic

        "We're not trying to entertain the critics ... I'll take my chances with the public." -
        Walt Disney

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        • #19
          Re: Third hotel officially announced

          Originally posted by Asa View Post
          I don't think there is. The only condition I remember from the contract is that Disney cannot own less than 20% or so of the joint company, Hong Kong International Themepark Ltd.

          WDC never set out to own HKDL 100% and it probably never will, if that's what you are hoping.
          Thanks.

          I'm not hoping, just suggesting it's a good idea.
          Be Cool Stay in School!
          Next year I'm trying for a summer internship at Stark Industries.

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          • #20
            Re: Third hotel officially announced

            If HK govt wouldn't own a piece of HKDL it would view the park as direkt competitor to their "own" park, Ocean Park. That could be a problem for HKDL. HK govt would do alot to make sure that Ocean Park stepped up at it's game.

            Anyway... Ocean Park is a terrible place to be.

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            • #21
              Re: Third hotel officially announced

              http://www.legco.gov.hk/yr13-14/engl...b1-899-5-e.pdf

              LegCo document about HKDL. The funding for the third hotel is being discussed and voted on today.

              http://rthk.hk/rthk/news/expressnews...0224&55&987163

              It is in Chinese but it basically says that the LegCo has voted in support of the third hotel. You can plan your trip now.

              The LegCo interestingly asked about phase 2 development and the HKTB replied that they are in constant discussion with TWDC about developing the remaining plots of land in phase 1 and are in preliminary discussions about phase 2.

              Due to the recent success of the park, the notification period for phase 2 land development is now earlier than originally planned.
              Last edited by Asa; 02-23-2014, 09:48 PM.
              Jul 1992: Disneyland Paris
              Apr 2006: Hong Kong Disneyland
              Jul 2010: Disneyland and Disney's California Adventure
              Mar 2011: Hong Kong Disneyland
              Jul 2013: Tokyo Disneyland and Tokyo DisneySea
              Sep 2013: Hong Kong Disneyland
              Jul 2014: Disney California Adventure

              Comment


              • #22
                Re: Third hotel officially announced

                Panel gives nod on Disney hotel loan - The Standard

                Panel gives nod on Disney hotel loan


                Tuesday, February 25, 2014


                Hong Kong Disneyland's plan to build a third hotel at a cost of HK$4.26 billion has cleared the first hurdle.


                The project, with an HK$800 million loan from the government, will provide 750 rooms and increase the Lantau theme park's hotel capacity to 1,750 rooms.


                The hotel is expected to be finished by early 2017, to meet the expected demand following the 2016 completion of the Hong Kong-Zhuhai-Macau Bridge. At the Legislative Council's economic development panel meeting yesterday, managing director Andrew Kam Min-ho said that the room rates will be around HK$2,000 to HK$3,000, which is between the rates of the two existing hotels.


                Some lawmakers were concerned as to when discussions between the government and the Walt Disney Company on the park's second phase of development would commence.


                But Permanent Secretary for Commerce and Economic Development Andrew Wong Ho-yuen said discussions on the usage of the remaining land of phase one development, as well as initial talks on the second phase development are ongoing.


                The panel endorsed the hotel funding. Meanwhile, the government will ask the Legco Finance Committee in May to approve the additional loan to Disney. BEATRICE SIU
                Jul 1992: Disneyland Paris
                Apr 2006: Hong Kong Disneyland
                Jul 2010: Disneyland and Disney's California Adventure
                Mar 2011: Hong Kong Disneyland
                Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                Sep 2013: Hong Kong Disneyland
                Jul 2014: Disney California Adventure

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                • #23
                  Re: Third hotel officially announced

                  ORDDU: There's another thread, here, which makes it sound as though they're coming very close to deciding what the second phase park should become. I don't understand why it is taking them so long to make up their minds about that.

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                  • #24
                    Re: Third hotel officially announced

                    Originally posted by Witches of Morva View Post
                    ORDDU: There's another thread, here, which makes it sound as though they're coming very close to deciding what the second phase park should become. I don't understand why it is taking them so long to make up their minds about that.
                    The original agreement allows Disney to take up to as far as 2029 to decide whether to take up the land or not, let alone build anything on it.

                    Now the HK govt said they have sped up the agreement, that may just mean 2025 or if we are very lucky, 2020, when Disney makes a decision.

                    Personally I believe nothing will be done until 2020 and no second gate until 2023. At least.

                    As for the theme, I doubt it will matter. Because we know what Disney will build: Star Wars Land, Marvel Land, Avatar Land, A Pixar-franchise Land... etc. Just follow Bob Iger's list of purchases.

                    (Star Wars Land could appear in HKDL if episode VII does well in the box office, but that would mean Star Tours and Stark Tours in the same park. So I guess it will be moved to the second gate.)
                    Last edited by Asa; 02-24-2014, 09:29 PM.
                    Jul 1992: Disneyland Paris
                    Apr 2006: Hong Kong Disneyland
                    Jul 2010: Disneyland and Disney's California Adventure
                    Mar 2011: Hong Kong Disneyland
                    Jul 2013: Tokyo Disneyland and Tokyo DisneySea
                    Sep 2013: Hong Kong Disneyland
                    Jul 2014: Disney California Adventure

                    Comment


                    • #25
                      Re: Third hotel officially announced

                      The hotel building reminds me of Universal's Cabana Bay Beach Resort.

                      Now look at this:


                      Looks cheap to me.

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                      • #26
                        Re: Third hotel officially announced

                        Hardly! Have you visited Animal Kingdom Lodge or Aulani?


                        :love:Bringing the Love since January 10, 2011:love:
                        We were sent over there with the message that only we would defend Disney quality.. We learnt quickly that the Japanese culture speaks to a level of quality that is hard to comprehend. They were all unbelievably skilled and willing to do the right thing.
                        Craig Russell -Walt Disney Imagineering

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                        • #27
                          Re: Third hotel officially announced

                          Don't get me wrong. I believe the interior design of the new hotel will be just as good as those of AKL and Aulani. What I was trying to say was that the facade looks dull and uninspired. Perhaps Joe's comment on Disney and more can explain further.

                          ': Hong Kong Disneyland To Build Third and "Biggest" Hotel by 2017, 2013 Second Most Profitable Year Since HKDL Opening !

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                          • #28
                            Re: Third hotel officially announced

                            The exterior in the art does look more Aulani or Villas at the Grand Floridian (a basic skin on an otherwise generic hotel).

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                            • #29
                              Re: Third hotel officially announced

                              After reading Joe's comment I understand what you are saying.


                              :love:Bringing the Love since January 10, 2011:love:
                              We were sent over there with the message that only we would defend Disney quality.. We learnt quickly that the Japanese culture speaks to a level of quality that is hard to comprehend. They were all unbelievably skilled and willing to do the right thing.
                              Craig Russell -Walt Disney Imagineering

                              Comment


                              • #30
                                Re: Third hotel officially announced

                                Here is the pic for the new Ocean Park Ocean Hotel (to be managed by Marriott), to be opened in 2017.

                                Click image for larger version

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                                This might not be the final design...

                                source : Apple Daily

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