The owners of the Silverwood entertainment parks in central Florida will sell them to a consortium of investors and local developers, the company said in a statement.
The deal is subject to regulatory approvals and completion of the initial purchase and redevelopment of the parks, the statement said.
The $1.8 billion deal is one of several deals announced by Disney and other entertainment companies this week that could lead to the closure of several theme parks.
The Walt Disney Co., the Walt Disney Studios and the California-based DreamWorks Animation Animation are among those seeking to sell their properties.
The Disney-owned parks in the Florida Keys and Orlando will remain open.
The parks will remain under the Disney theme parks umbrella, and there will be no change to the theme parks, Disney spokeswoman Laura Cavanaugh said.
Disney is also working on a $1 billion deal to open two of its parks in New York City and the Florida Panhandle, but that deal remains pending.
The theme parks are a part of the Walt “Mickey Mouse” Disney Enterprises.
Disney said in July that it planned to build new entertainment venues in the parks and other properties.
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