Universal Studios to add 5,000 more hotel rooms to its hotels

Universal Studios has decided to add 4,000 hotel rooms and additional suites to its new hotel facilities, a company spokeswoman confirmed to Fortune.

The move, announced Wednesday, will help to further boost the company’s hotel footprint.

Universal Studios, which opened in Orlando in 1993, is now in the process of buying two other Universal Studios properties: The Magic Kingdom and the Hollywood Studios in Orlando.

Both properties are owned by Walt Disney Co. The studio will lease space in the former to its own hotels, the spokeswoman said.

The purchase is expected to be completed by March. 

The company said Wednesday it will expand its existing hotel locations to allow more guests to enjoy the parks and its hotels.

The company has been expanding its hotel footprint since 2014, when it added three new hotels to the Universal Studios theme park in Orlando, and added more than 200 new rooms to other parks in the past two years.

The resort will continue to expand its footprint throughout the year, adding more hotel spaces as well as adding other attractions and properties. 

The Universal Studios brand has been gaining popularity in recent years, especially among millennials and those in the travel industry, as well. 

Universal is now the second-largest hotel chain in the U.S. with 3,500 hotel rooms, according to research firm Expedia.