Disneyland Paris will undergo a $2.5 billion expansion, with the park getting three new areas based on Marvel, Frozen and Star Wars.

The plan is one of the most ambitious projects at Disneyland Paris since its opening in 1992.

"We're very excited about the future of Disneyland Paris and continue to invest in its long-term success," said Disney CEO Bob Iger, who made the announcement alongside French President Emmanuel Macron at the Palais de l'Elysee in Paris. "The resort is already the leading tourist destination in Europe, and the transformative expansion we announced today will ... drive new opportunities for tourism in this dynamic region."

The multiyear development will roll out in phases beginning in 2021. In addition to the three new areas, there will be a new lake, which will be the focal point for entertainment experiences and at the center of the new park areas.

In spring 2017, Disneyland Paris completed a two-year refurbishment, which involved updating and renovating many of the park's classic attractions as well as opening new entertainment shows such as "Mickey and the Magician." Several major renovations took place at the resort's hotels, including Disney's Newport Bay Club, which is now a four-star hotel.

In 2020, the resort will open Disney's Hotel New York -- The Art of Marvel, a reimagining of Disney's Hotel New York that will showcase Iron Man, The Avengers and Spider-Man, among other superheroes.

Disneyland Paris consists of two theme parks, the Disneyland park and the Walt Disney Studios park, as well as seven themed Disney hotels with a total of 5,800 rooms. Also, there are two convention centers, a 27-hole golf course and the Disney Village complex, comprised of themed dining, shopping and cinema experiences.

Disneyland Paris has welcomed more than 320 million visitors since 1992, representing 6.2% of France's tourism income, according to Disney.

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