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[27 Sep 2012 | No Comment | ]
Disney Sells National Harbor Plot for $11 Million

The Peterson Cos., which sold Disney a National Harbor parcel of land three years ago, has bought back the plot for $11 million – the same price Disney paid when the company sold it.
Originally, The Walt Disney Company had plans to build a 500-room resort on the plot, which would be linked with its Adventures by Disney guided tours service. However, late last year Disney backed out of the project because of expansion plans that were already underway at their various properties.
Jon M. Peterson, senior vice president of the Peterson …

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[30 Nov 2011 | No Comment | ]
Disney Pulls Out of National Harbor Project

Last week, The Walt Disney Company announced they would be pulling out of plans to construct a 500-room resort at National Harbor.
The parcel of land purchased for the hotel project was acquired in 2009 for $11 million, but in a statement released by Disney, a spokeswoman for the company cited “the full slate of expansion currently underway at Walt Disney Parks and Resorts” and timing issues as the reason for bowing out of the project.
Jon Petersen, senior vice president of the Petersen Companies, the majority owner of National Harbor, says:
We …