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Walt Disney Co. in Burbank and affiliates of Hong Kong-based Wincome Group will divvy up $560 million in tax money to be reimbursed over 20 years for building three luxury hotels in Anaheim.
The three projects are expected to open between 2019 and 2021, combining for 1,910 rooms, according to plans.
The Anaheim City Council agreed in the early hours of this morning to the partial rebate on the city’s 15% transient occupancy tax under a hotel incentive program introduced about a year ago.
Developers of new hotels will get 70% of the tax returned to them for the first 20 years.
City documents show the three hotels combined are expected to receive $28 million a year in reimbursement for 20 years and contribute about $14 million annually to city coffers in bed and sales taxes over the same period.
The city currently gets about $3.4 million from two older hotels owned by the Wincome affiliates and a parking lot on the site of the planned Disney hotel.
The three project include:
• Disney’s plans to build a $624 million, 700-room hotel and parking structure near Downtown Disney and three other Disney Hotels: Disneyland Hotel, Grand Californian and Paradise Pier
• Wincome affiliate Good Hope International’s plan for a $208 million, 580-room hotel on Harbor Boulevard, across from Disney California Adventure, after it demolishes the current Anaheim Plaza Hotel & Suites
• Wincome affiliate FJS Inc.’s plans a $225 million, 630-room project after it demolishes the Anabella hotel, next to the Anaheim Convention Center
Mary Niven, senior vice president of Disneyland Resort operations, said in a statement the company’s hotel, “will send a message … that Anaheim is a city with luxury accommodations.”
Disney said it’s considering priority access to the theme parks and a rooftop restaurant for the new hotel’s guests.