Disneyland Resort update: New bakery, new award and new money
Published: August 17, 2011 at 10:56 AM
First up, Disneyland has announced that it will finally be restoring the old Plaza Pavilion as a food location. In January, the Pavilion will return as the Jolly Holiday Bakery Cafe, a Mary Poppins-themed counter-service bakery that will replace the Blue Ribbon Bakery on Main Street USA.
With the Blue Ribbon bakery closing, its space will be divided by the adjacent Carnation Cafe and the Gibson Girl Ice Cream Parlor. This means that the Carnation Cafe will be getting back some indoor seating, which it hasn't had for many years. And that the wait for a table at the ice cream parlor might just be a few minutes less on a busy spring evening.
Also, Disneyland announced today that the Disneyland Hotel has won a four-diamond rating from AAA, joining the Grand Californian as a four-diamond winner. The Disneyland Hotel's been undergoing a massive renovation over the past few years, upgrading rooms throughout the property, including adding several attention-grabbing themed suites.
Trivia question: What is the highest AAA-diamond rating ever give to a hotel at the Disneyland Resort? (I'll post the answer in the comments if no one gets it first.)
Finally, Disney is today selling a reported $500 million in bonds, to raise money for "general corporate purposes." Disney's sitting on a significant chunk of cash these days, but borrowing costs are dirt-cheap in the markets these days, so Disney's taking advantage. (By the way, don't fall for media hype about a "debt crisis." Borrowing costs next to nothing these days. The only problem is that so many households are drowning in real estates debt that they don't have any ability to take on more debt. Which is why the bond markets are slashing borrowing costs - cause there's relatively little demand.)