Model of Grand Californian time share
The city of Anaheim stands to make about $2.5 million annually in taxes from the expansion of a prestigious Disney hotel.
The Grand Californian Hotel and Spa is undergoing a renovation that will add about 203 hotel rooms and 48 time share units when completed next month. With those new rooms, the city is counting on the extra bed tax money tied to the rooms.
The new hotel rooms are projected to generate more than $2 million annually, while the time share units could make $464,748 the first year alone, according to city documents. The amount will go up each year.
Hotel rooms’ taxes are calculated on a straight percentage. For time shares, city officials must compute the equivalent amount of taxes based on the time share’s value and reach agreements with operators.
The City Council this week unanimously approved an agreement for Disney’s time share units without any discussion.
The Grand Californian units, including two grand villas, will be the first West Coast destinations of the Disney Vacation Club, the company’s time share program.
Disneyland Resort spokeswoman Suzi Brown said Disney officials are happy with the agreement in a prepared e-mail statement:
Grand Californian Hotel
“We are pleased that the City Council approved this agreement, which is one of the final steps in preparation of opening the Disney Vacation Club Villas at Disney’s Grand Californian Hotel and Spa next month. These units — the first Disney Vacation Club location on the West Coast — as well as the addition of approximately 200 new hotel rooms at Disney’s Grand Californian Hotel and Spa underscore Disney’s ongoing commitment to investing in Anaheim and supporting the local economy.”
Hotel bed taxes make up the biggest chunk of Anaheim’s budget — a projected $79.6 million in 2009-10.
The expansion of the Grand Californian is scheduled to open Sept. 23.
Nearby, renovations on the Disneyland Hotel began Monday. Remodeled rooms could be available as early as January.
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