Tokyo Disney Operator to Spend $2.3 Billion in Resort Expansion www.bloomberg.com

The operator of Tokyo Disneyland is investing 250 billion yen ($2.3 billion) in the biggest expansion to the Japanese resort in almost two decades as Walt Disney Co. continues to upgrade its theme parks in Asia.

Oriental Land Co., which is licensed to operate the Tokyo resort, will expand the DisneySea park to include a hotel and new areas based on movies such as “Frozen” and “Peter Pan,” according to a statement Thursday. The investment is in addition to a previously announced about 100 billion yen upgrade to DisneySea and the Disneyland park. Oriental Land said it extended its license with Disney for an additional 30 years, to 2076.