Brent's Blog / / Theme Park News, Orlando News, Real Estate News

Universal Parks Purchase Additional Land

February 3rd, 2016 12:36 PM by Brent Ferry

Comcast, the owner of Universal Orlando Resort, has reported 4th Quarter and Year End 2015 Results. Of note, the earnings release acknowledges a substantial property purchase believed to be some 475 acres of land along Universal Blvd. in Orlando which transacted at the end of 2015. The combined parcels are not far from Universal Studios Florida, Universal's Islands of Adventure, and the company's Wet 'n Wild Waterpark.

The report reads "NBCUniversal's capital expenditures increased $220 million, or 65.2%, to $557 million in the fourth quarter of 2015, primarily reflecting increased spending at Theme Parks, including a land purchase adjacent to an existing theme park of $130 million and $12 million attributable to Universal Studios Japan."

While the company did not state which Theme Park they were referring to, it would seem that the future is bright for additional Universal Parks & Resort expansion in Orlando.

The Universal Orlando Resort Theme Parks are part of Universal Parks & Resorts, a subsidiary of NBCUniversal which is a division of Comcast.

Stay tuned.

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Posted in:General
Posted by Brent Ferry on February 3rd, 2016 12:36 PM


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