The company has purchased 21 acres of oceanfront land for US$144m for the 800-room hotel complex project, which will be the first sited away from a neighbouring theme park.

Construction on the resort is expected to begin next year, with a planned 2011 opening.

Despite the lack of any full-scale amusement parks in Hawaii, Disney parks and resorts chairman Jay Rasulo said there were no plans to expand the resort into a theme park.

"It will give our guests another way to visit a place that they’ve loved for many years," Rasulo said.