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August 25, 2008
Disney Sells Land at Disney World to Four Seasons Hotels and Resorts
The Walt Disney Co. said on Monday it has sold 298 acres of land to Four Seasons Hotels and Resorts for a hotel and golf course to anchor a previously announced luxury development in Florida. Disney did not disclose the terms of the deal but said the facility would enable the company to tap into the luxury travel market. The deal was the first for the two companies.