Disney Resort Planned for Hawaii

(KHNL) - A new luxury family resort is planned for Oahu's leeward coast.

Walt Disney Parks & Resorts announced Wednesday the company has finalized plans to buy 21 acres of oceanfront property on the Ko Olina Resort & Marina.

The property will be home to Disney's first mixed-use family resort outside of its theme park developments.

The 800 units resort will include hotel rooms and villas for Disney Vacation Club members.

The expansive resort is scheduled to open in 2011.