DISNEY FINALIZES DEAL WITH FOUR SEASONS TO ANCHOR NEW LUXURY RESORT

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Walt Disney World Co. has finalized the sale of 298 acres of land to Four Seasons Hotels and Resorts for a hotel and golf course that will anchor the new luxury resort announced last year as part of an expansion of Walt Disney World Resort.

‘This is an important milestone for a project that will enable our company and our community to further tap into the luxury travel market,’ said Meg Crofton, president of Walt Disney World Resort. ‘Working together for the first time, Walt Disney World Resort and Four Seasons Hotels and Resorts will create a world-class family resort destination that offers the exceptional service and amenities and one-of-a-kind guest experiences that are the hallmark of both our brands.’

Located along the northeast border of Walt Disney World, the resort will include a 445-room Four Seasons hotel, Residence Club (fractional ownership vacation homes) and 18-hole championship golf course, as well as custom single- and multi-family vacation homes.

WATG (Wimberly Allison Tong & Goo) is the design architect for the hotel, which is depicted in a rendering released today. The Addison Mizner-inspired design, sometimes referred to as Palm Beach style, is reminiscent of turn-of-the century resorts found on Florida's east coast. With a style that evokes the romance of Florida hospitality, the architecture draws upon Spanish-Moorish influences characterized by barrel-tiled roofs, columned archways, keystone walls and carved stonework. Thoughtfully planned to integrate with the entire resort, the hotel will be surrounded by beautiful landscaping in a lush environment.

‘This project is one with which we are proud to be associated,’ said Scott Woroch, executive vice president, development, Four Seasons Hotels and Resorts. ‘Having memorable family vacation experiences are more important than ever to our guests, and we are excited about working with Disney to create a unique product in Central Florida.’

First announced in March 2007, the project's initial site preparation work began earlier this year, with building construction expected to begin next year. The hotel is anticipated to open by 2012. The project will be built in phases over the next 8 to 10 years.