Today, I attended an Economic Development Conference at Ko Olina Resort on Oahu. I was amazed to see that the Disney Hotel had not only broken ground, but is also already up to the 8th floor. This hotel, when completed in 2011, will have over 800 rooms, approximately half of them hotel rooms and the other half time-share rooms, available for sale.
This is the single largest construction project in Hawaii at this time. We are very lucky to have such a strong brand investing such large amounts of money on the island of Oahu during this down-cycle. It’s not only keeping a number of local construction workers employed but also it will employ hundreds of people in the West Oahu area starting in 2011.