Disney is closing the remaining seven Walt Disney World hotels at the end of 2019.
The company said Wednesday that all of its hotels are scheduled to close by the end, and that all remaining hotels will be shuttered on Dec. 31.
The Disney resorts are located in California, Florida, Hawaii, Florida and New Jersey.
“Our guests and employees are still thrilled to be at Walt DisneyWorld, and we look forward to the new chapter of Disney family entertainment that begins with the closure of our Walt Disney Resort hotels,” said Walt Disney, chairman and chief executive officer.
The closures are part of a broader strategy to shift away from theme parks and toward entertainment.
The Walt Disney Company said it is taking a “different approach” to theme parks.
“We have made significant investments in our theme parks, attractions and resorts to support the theme parks in their core business and provide more value to guests,” the company said in a statement.
The resort chain also announced that it will be closing the Walt Hollywood Studios and the Walt Ever After Resort in 2019.
Foxwoods resort is scheduled to be closed in 2019, with a “temporary” exit date in 2021.
The theme parks were closed from March 19 to July 21 in 2019 and January 1 to May 15 in 2020.
Disney and the theme park operator also announced they would sell off the properties to a consortium of private investors.
The sale is expected to close in 2021 and the property will be developed into the Hollywood Sign.
“These decisions reflect the need to transition to new and exciting business models,” the Disney resort company said.
Disney has closed some of its resorts since it began to sell off hotels in the early 2000s, but most of the company’s hotels have been in Florida, California and Hawaii.
The resorts were among the last in the chain to close.
Walt Disney Vacation Club will close its two resorts in 2018, and Disney California Adventure Park will close on Dec of 2021.
Walt’s California Adventure is scheduled for closure on Dec 31, 2020.
The Hollywood Sign, the most-visited landmark in the world, will close in 2019 with the closing of all hotels.