ANAHEIM, CA Disneys new 750-room upscale hotel, the Grand Californian, is expected to do better than originally projected when it opens in January.
Disney is expecting occupancy of more than 87% with an average daily room rate of $220. That is about three times what the typical Anaheim hotel has charged in the past.
Four years ago, when Disney last made public projections, the company estimated it would fill 80% to 85% of its rooms at $182 a night in 1996 dollars. When adjusted for inflation, that translates to a bit more than $200 a night in 2001.
The hotel, designed to meet AAA four-diamond standards, is located inside the new Disneyland park in California. (8/22/00)
Source: LA Times