The Walt Disney Company has approached a local hotel developer in Hawaii to build a hotel there, according to a person familiar with the matter.
The person, who requested anonymity to discuss internal company matters, said Disney is seeking permission from the developer to build the Hyatt Place hotel on property it acquired in Hawaii, and would also seek approval to build other hotel projects in Hawaii.
The hotel would be a part of a planned $1.5 billion expansion to a proposed Hyatt hotel and resort on the island of Maui, the person said.
It would also be a separate development from the proposed hotel project in Hollywood, California.
The Hollywood project is in the works and is scheduled to open in 2020.
The project is part of the broader Disney plan to invest billions of dollars in new hotels, resorts and other properties around the world.
It’s part of plans for the Disney brand to expand beyond entertainment, as Disney looks to expand its offerings and attract more people to the company’s theme parks, resorts, theme parks and theme parks-related businesses.
Disney bought a controlling stake in the Hawaii resort company in 2015.
The deal valued Disney at $1 billion, but it was subject to an early exit by the Hawaiian resort company, which later went public.
The Disney board is reviewing the deal to determine if it’s a good fit for the company.
Disney has not yet commented on the development.
The hotel is part.
The project would be the second new Disney hotel planned for Hawaii.
A hotel in Maui is slated to open this year.
Disney announced a $1 million investment last year to expand and modernize the Hyad Hotel and Resorts on the west side of Waikiki.
Disney also purchased a 10-acre parcel in Waikikī, Maui’s main island, in December 2016 for a $2.2 million hotel.