Thursday, December 14

Euro Disney in plans to open major attraction in 2024

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Theme park operator Euro Disney has disclosed that it intends to open a major new attraction in 2024 as part of a $2.4 billion (€2.1 billion) investment drive following the takeover of the French resort by media giant The Walt Disney Company.

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This year marks the 25th anniversary of the resort situated on the outskirts of Paris. It is Europe’s most-visited tourist attraction with 13.4 million guests streaming through its ornate iron gates last year.

The complex comprises of seven on-site hotels, two convention centres, a 27-hole golf course and two parks – the Walt Disney Studios and the fairytale-themed flagship Disneyland Paris.

Their parent company Euro Disney was listed on the Euronext exchange until June when Disney took full ownership of the company in a $2.30 (€2) a share offer.

As part of its preparation for the takeover Euro Disney produced a new ten-year forecast to 2026 and its filings state that “capital expenditure included in the business plan represents a total of €2.1 billion over the period. This includes in particular the renovation of two hotels and attractions, as well as a major new attraction in 2024.”

Euro Disney has not publicly announced the new attraction and the details of it are not yet known. It was disclosed in the cash tender offer document which was issued in connection with the takeover and there is good reason for this.

The documents considered Euro Disney’s future plans and likely performance in order to evaluate the company’s share value for the delisting.