February 4, 2005 – Tokyo Disneyland Announces New Hotel
On February 4, 2005, the Oriental Land Company, Ltd. announced that an agreement had been signed with the Walt Disney Company to build a third hotel for the Tokyo Disneyland theme park. This was deemed necessary due to the growth of visitors to the resort, along with the other two hotels – Disney Ambassador Hotel and Tokyo DisneySea MiraCosta – reaching 90% capacity annually. The hotel was announced to be a nine-story, 700 room resort that would cost about 44 billion yen (about $391,000,000). It was also announced to have a Victorian theme to reflect the surrounding World Bazaar theme area nearby.