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February 15, 2007

Euro Disney SCA to Develop Vacation Village

Euro Disney SCA, Europe's largest theme-park operator, and Pierre & Vacances SA, the continent's biggest vacation-apartment company, are teaming up to build an eco-tourism vacation village near Paris. The companies' chief executive officers signed an accord with the government Tuesday to build about 5,000 houses and apartments on a 1,300-acre site. The project will be located about 22 miles east of the French capital and less than four miles from Euro Disney's two theme parks. The Walt Disney Co. owns 39.8 percent of Euro Disney.

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